Avis Budget issues $793.2M in asset-backed notes across two series with 3- and 5-year maturities

AVIS BUDGET GROUP, INC.

Series 2025-3: $199M Class A at 4.17%, $29.75M Class B at 4.46%, $21.25M Class C at 4.95%, $33.29M Class D at 6.42%, $15.6M Class R at 8.373%.
Series 2025-4: $358.2M Class A at 4.40%, $53.55M Class B at 4.77%, $38.25M Class C at 5.26%, $59.92M Class D at 6.72%, $28.1M Class R at 8.685%.
Class D notes retained by issuer; Class R notes held by AESOP Leasing to satisfy risk-retention rules.
Notes secured by domestic fleet vehicles and related assets; proceeds used for fleet financing.

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