Avis Budget Group Inc. Secures $736.5 Million in Asset-Backed Securities Financing Agreement

Reuters

06-03

Avis Budget Group Inc. Secures $736.5 Million in Asset-Backed Securities Financing Agreement

Avis Budget Group Inc. has announced the issuance of $736.5 million in asset-backed securities through its subsidiary, Avis Budget Rental Car Funding (AESOP) LLC. The securities, dated May 28, 2025, include various series of notes with maturities spanning three to five years. The issuance comprises $199.0 million of Series 2025-1 Class A notes at 4.80% interest, among other classes with varying interest rates, and Series 2025-2 notes with differing principal amounts and interest rates. These notes are secured by the company's domestic vehicle fleet and related assets. The transaction involves The Bank of New York Mellon Trust Company, N.A., as trustee and agent, and includes a retention of Class D and Class R notes to comply with U.S. risk retention rules. This move is part of Avis Budget Group's ongoing strategy to strengthen its financial positioning through structured financing.

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: 0000950142-25-001547), on June 02, 2025, and is solely responsible for the information contained therein.

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Secures $736.5 Million in Asset-Backed Securities Financing Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-03 04:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Avis Budget Group Inc. 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ID: 0000950142-25-001547), on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0980610538.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDL5qpSpQ:1","article_id":"2540519713","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540519713","pubTimestamp":1748895358,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Avis Budget Group Inc. has announced the issuance of $736.5 million in asset-backed securities through its subsidiary, Avis Budget Rental Car Funding  LLC. 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Secures $736.5 Million in Asset-Backed Securities Financing Agreement\n    \n\n        Avis Budget Group Inc. has announced the issuance of $736.5 million in asset-backed securities through its subsidiary, Avis Budget Rental Car Funding (AESOP) LLC. The securities, dated May 28, 2025, include various series of notes with maturities spanning three to five years. The issuance comprises $199.0 million of Series 2025-1 Class A notes at 4.80% interest, among other classes with varying interest rates, and Series 2025-2 notes with differing principal amounts and interest rates. These notes are secured by the company's domestic vehicle fleet and related assets. The transaction involves The Bank of New York Mellon Trust Company, N.A., as trustee and agent, and includes a retention of Class D and Class R notes to comply with U.S. risk retention rules. This move is part of Avis Budget Group's ongoing strategy to strengthen its financial positioning through structured financing.\n      \n\nDisclaimer: 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. 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