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.

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