Avis Budget Group Inc.
Avis Budget Group Issues Asset-Backed Securities
Summary
On May 28, 2025, Avis Budget Rental Car Funding (AESOP) LLC, a subsidiary of Avis Budget Group, Inc., issued $736.5 million of asset-backed securities with a maturity of three and five years. The securities are secured by vehicles in the company's domestic fleet and other related assets. Additionally, $40.6 million aggregate principal amount of subordinated Class R notes were issued to comply with U.S. risk retention rules. These notes were issued under supplements to the Base Indenture dated June 3, 2004, and are held by AESOP Leasing L.P., another subsidiary of Avis Budget Group, Inc.
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Exhibits (2)
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About Avis Budget Group Inc.
Avis Budget Group Inc. is a prominent provider in the vehicle rental and car sharing industry, operating through its well-recognized brands including Avis, Budget, and Zipcar. Its primary function is to offer vehicle leasing services to a variety of customer segments, ranging from individual travelers to large corporate clients. Avis Budget Group significantly impacts the travel and tourism sector, providing essential rental solutions that enhance mobility and convenience for consumers globally. Headquartered in Parsippany, New Jersey, the company maintains a strong presence in over 180 countries, leveraging a comprehensive network that includes on-airport and off-airport locations. Avis Budget Group plays a critical role in the mobility industry, utilizing technology and innovation to streamline the rental experience, such as through mobile app interfaces and automated service offerings. Its strategic position in fleet management and vehicle sales further underscores its importance in the broader transportation market.
Official SEC Documents
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