Avis Budget Group Inc. Extends and Amends Financing Facilities for U.S. Car Rental Fleet

Reuters

05-07

Avis Budget Group Inc. Extends and Amends Financing Facilities for U.S. Car Rental Fleet

Avis Budget Group Inc. has announced a significant amendment and extension to its asset-backed variable-funding financing facilities through its subsidiary, Avis Budget Rental Car Funding (AESOP) LLC. Completed on April 30, 2025, this amendment involves the Series 2010-6 Notes facility and the Series 2015-3 Notes facility, which finance the company's car rental fleet in the United States. The aggregate funding amount for the Series 2010-6 Notes facility has been increased, excluding the Class R Notes held by a subsidiary. The notes are primarily secured by vehicles in Avis Budget's domestic fleet and other related assets. This move is aimed at bolstering Avis Budget's financial flexibility and supporting its operational needs. Various financial institutions have participated in this transaction, providing commercial, investment banking, and advisory services to the company.

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: 0000950142-25-001273), on May 06, 2025, and is solely responsible for the information contained therein.

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Extends and Amends Financing Facilities for U.S. Car Rental Fleet\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\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 smaller\">2025-05-07 05:17</p>\n</div>\n</a>\n</h4>\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. Extends and Amends Financing Facilities for U.S. Car Rental Fleet\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Avis Budget Group Inc. has announced a significant amendment and extension to its asset-backed variable-funding financing facilities through its subsidiary, Avis Budget Rental Car Funding (AESOP) LLC. Completed on April 30, 2025, this amendment involves the Series 2010-6 Notes facility and the Series 2015-3 Notes facility, which finance the company's car rental fleet in the United States. The aggregate funding amount for the Series 2010-6 Notes facility has been increased, excluding the Class R Notes held by a subsidiary. The notes are primarily secured by vehicles in Avis Budget's domestic fleet and other related assets. This move is aimed at bolstering Avis Budget's financial flexibility and supporting its operational needs. 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ID: 0000950142-25-001273), on May 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAR","symbol_name":"安飛士","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250506:nNDL8QtSWb:1","article_id":"2533900695","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533900695","pubTimestamp":1746566268,"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 a significant amendment and extension to its asset-backed variable-funding financing facilities through its subsidiary, Avis Budget Rental Car Funding  LLC. 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