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.
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