Avis Budget Group Inc., through its subsidiary Interpace Funding LLC, has issued $965 million in asset-backed securities as part of a new financing arrangement. The securities include approximately $844 million in floating rate Class A Notes, $44 million in 5.65% Class B Notes, and $77 million in 7.35% Class C Notes, with a targeted two-year term and a maturity date of June 20, 2028. The notes are secured by certain vehicles in Avis Budget Group’s domestic fleet and related assets. Proceeds from the issuance were used to repay $965 million of previously issued notes under earlier financing facilities. The transaction involved The Bank of New York Mellon Trust Company, N.A. as trustee and agent, and various purchasers and affiliates who may have ongoing commercial relationships with Avis Budget Group.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-26-000034), on January 05, 2026, and is solely responsible for the information contained therein.
