Avis Budget Group Inc.
Avis Budget Group Issues $965M in Asset-Backed Securities
Summary
On December 30, 2025, Avis Budget Group's subsidiary, Interpace Funding LLC, issued $965 million of asset-backed securities, comprised of Class A, B, and C Notes, due to mature on June 20, 2028. The issuance was secured by certain vehicles in the domestic fleet and other related assets. In connection with this issuance, Avis Budget repaid $965 million of notes issued by another subsidiary, Avis Budget Rental Car Funding LLC. The transaction involved various financial services providers who received customary fees and expenses.
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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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