Financing ·
On June 9, 2026, Avis Budget Rental Car Funding (AESOP) LLC issued $650 million of asset-backed securities with…
CARAvis Budget Group, Inc.
On June 9, 2026, Avis Budget Rental Car Funding (AESOP) LLC issued $650 million of asset-backed securities with maturities of three and five years. The issuance consists of Series 2026-3 and Series 2026-4 notes across Class A, B, C, and D tranches, with coupons ranging from 4.82% to 7.67%. Additionally, the company issued $13.75 million of Series 2026-3 Class R notes (8.429%) and $22 million of Series 2026-4 Class R notes (9.134%) to satisfy U.S. risk retention rules. The notes are secured by domestic fleet vehicles and related assets. The company operates in the transportation industry and provides vehicle rental services.