Avis Budget AESOP unit issues USD 650 million five-year asset-backed notes secured by US fleet vehicles
Bitget2026/09/24 20:16- Avis Budget’s Avis Budget Rental Car Funding (AESOP) priced USD 650 million of five-year asset-backed securities on Sept. 21, 2026.
- Deal included Series 2026-5 Class A-D notes, led by USD 474.5 million of 5.69% Class A notes.
- Issued USD 35.75 million of 9.598% Class R notes for US risk-retention compliance, held by AESOP Leasing.
- Notes secured by vehicles in the company’s domestic fleet, supported by related assets.
- Transaction triggered technical amendments to certain rental car fleet financing documents.
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