Financing ·
Avis Budget Rental Car Funding issues $650 million of five-year asset-backed securities
CARAvis Budget Group, Inc.
On September 21, 2026, Avis Budget Rental Car Funding (AESOP) LLC issued $650 million of five-year asset-backed securities. The issuance comprised Class A notes ($474.5 million at 5.69%), Class B notes ($61.75 million at 5.95%), Class C notes ($47.125 million at 6.44%), and Class D notes ($66.625 million at 8.14%). Additionally, $35.75 million in subordinated Class R notes were issued to comply with U.S. risk retention rules. The debt is secured by vehicles in the company's domestic fleet. Avis Budget Group operates in the car rental industry.