AVIS BUDGET GROUP, INC. (CAR): debt financing — Avis Budget subsidiary issues $650M ABS in two series; Class R risk-retention notes also sold

AVIS BUDGET GROUP, INC.

Series 2026-3: $182.5M 4.82% Class A, $23.75M 5.21% Class B, $16.25M 5.50% Class C, $27.5M 6.96% Class D, plus $13.75M 8.429% Class R.
Series 2026-4: $292M 5.09% Class A, $38M 5.48% Class B, $26M 5.87% Class C, $44M 7.67% Class D, plus $22M 9.134% Class R.
Notes secured by vehicles in domestic fleet; Class R held by AESOP Leasing L.P. to comply with U.S. risk retention rules.
Series 2026-3 and Series 2026-4 have three- and five-year maturities, respectively; proceeds deposited in Collection Account.
Issuance date June 9, 2026; underwritten by affiliates who will receive customary fees.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AVIS BUDGET GROUP, INC. incurred debt of $650 million maturing three years and five years, respectively.

Principal: $650 million
Maturity: three years and five years, respectively
Event: incurrence

Exact text from the filing

On June 9, 2026 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $650 million of asset-backed securities with a maturity of three years and five years, respectively

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

AVIS BUDGET GROUP, INC. entered into Series 2026-4 Supplement with The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-4 Agent (effective 2026-06-09).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-4 Agent
Effective: 2026-06-09

Exact text from the filing

the Series 2026-4 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-4 Agent (the “Series 2026-4 Supplement”), to the Base Indenture

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

AVIS BUDGET GROUP, INC. entered into Series 2026-3 Supplement with The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent (effective 2026-06-09).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent
Effective: 2026-06-09

Exact text from the filing

The notes were issued under the Series 2026-3 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent (the “Series 2026-3 Supplement”), to the Second Amended and Restated Base Indenture, dated as of June 3, 2004 (as amended, the “Base Indenture”)

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

AVIS BUDGET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000950142-26-001753

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