Avis Budget subsidiary issues $668.2M in asset-backed securities across two series

AVIS BUDGET GROUP, INC.

ABRCF issued Series 2026-1 and 2026-2 notes totaling $668.2M, secured by domestic fleet vehicles.
Notes include Class A ($280.4M at 4.28%), Class B ($34.6M at 4.57%), Class C ($23.1M at 4.96%), and Class D ($46.1M at 6.53%).
Series 2026-2 includes Class A ($207.4M at 4.60%), Class B, C, D, and subordinated Class R tranches with maturities of 3 and 5 years.
Class R notes ($20.6M at 8.0%) issued to comply with U.S. risk retention rules, held by AESOP Leasing L.P.

Key facts

Extracted from this filing and checked against the source text.

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

AVIS BUDGET GROUP, INC. entered into Series 2026-1 Supplement with The Bank of New York Mellon Trust Company, N.A. (effective 2026-03-11).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Effective: 2026-03-11

Exact text from the filing

the Series 2026-1 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-1 Agent (the “Series 2026-1 Supplement”)

View on SEC.gov

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

AVIS BUDGET GROUP, INC. entered into Series 2026-2 Supplement with The Bank of New York Mellon Trust Company, N.A. (effective 2026-03-11).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Effective: 2026-03-11

Exact text from the filing

the Series 2026-2 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-2 Agent (the “Series 2026-2 Supplement”)

View on SEC.gov

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AVIS BUDGET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950142-26-000719

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