AVIS BUDGET GROUP, INC. (CAR): debt financing — Avis Budget issues $965M ABS notes; repays existing $965M AESOP notes

AVIS BUDGET GROUP, INC.

Issued $965M in three tranches: $844M floating-rate Class A, $44M 5.65% Class B, $77M 7.35% Class C.
Notes mature June 20, 2028 under Series 2025-1 supplement and Base Indenture secured by fleet assets.
Proceeds used to repay $906M of Series 2010-6 and $59M of Series 2015-3 AESOP notes on Dec 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

AVIS BUDGET GROUP, INC. incurred credit facility of $965 million with The Bank of New York Mellon Trust Company, N.A. at floating rate Class A Notes, 5.65% Class B Notes and 7.35% Class C Notes maturing June 20, 2028.

Instrument: credit facility
Principal: $965 million
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: floating rate Class A Notes, 5.65% Class B Notes and 7.35% Class C Notes
Maturity: June 20, 2028
Event: incurrence

Exact text from the filing

On December 30, 2025 (the “Closing Date”), our Interpace Funding LLC subsidiary (“Interpace Funding”) issued $965 million of alternative funding asset-backed securities with a targeted two-year term and a maturity date of June 20, 2028, comprised of approximately $844 million of floating rate Class A Notes, $44 million of 5.65% Class B Notes and $77 million of 7.35% Class C Notes.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AVIS BUDGET GROUP, INC. entered into Series 2025-1 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $965 million (effective 2025-12-30).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $965 million
Effective: 2025-12-30

Exact text from the filing

The notes were issued under the Series 2025-1 Supplement, dated as of the Closing Date, between Interpace Funding and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”) and

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AVIS BUDGET GROUP, INC. terminated a credit facility valued at $965 million (effective 2025-12-31).

Action: termination
Agreement: credit facility
Value: $965 million
Effective: 2025-12-31

Exact text from the filing

on December 31, 2025, we repaid an aggregate amount of $965 million of notes issued by our Avis Budget Rental Car Funding (AESOP) LLC subsidiary pursuant to certain asset-backed variable funding financing facilities

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102 debt financings filed in the last 30 days. Browse all debt financings →

AVIS BUDGET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950142-26-000034

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