debt
confidence high
sentiment neutral
materiality 0.55
Avis Budget amends ABRCF fleet financing: Series 2010-6 to $2.628B, Series 2015-3 to $132M
AVIS BUDGET GROUP, INC.
- Series 2010-6 facility increased from ~$2.227B to $2.628B; Series 2015-3 from ~$109M to $132M.
- Increased amounts will reduce by $438M (2010-6) and $22M (2015-3) on November 1, 2026.
- Class A notes have two-year term; Class B notes have one-year term.
- Amendment also updates definitions for electric vehicle caps and interest rate cap requirements.
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