Avis Budget Group
Parsippany, United States · Travel · 4 employees
Avis Budget Group, Inc. is a leading global provider of transportation solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in N
Funding history
- Series series 2025-1 — $965.0M — Jan 2026
Recent signals
- May 30, 2026: Avis Budget Group Appoints Joe Ferraro as Chief Executive Officer
- May 24, 2026: Avis Budget Group and Wyndham Vacation Ownership Announce New Multi-Year Partnership to Enhance Car Rental Services.
- Jan 05, 2026: Raised $965.0M in Series series 2025-1
- Dec 30, 2025: SEC 8-K (1.01): On December 30, 2025, Avis Budget Group, Inc.'s subsidiary, Interpace Funding LLC, entered into a material definitive agreement by issuing $965 million of alternative funding asset-backed securities with a targeted two-year term and a maturity date of June 20, 2028. The issuance includes approximately $844 million of floating rate Class A Notes, $44 million of 5.65% Class B Notes, and $77 million of 7.35% Class C Notes. This transaction is secured by certain vehicles in the domestic fleet and related assets. The agreement highlights strategic financing to enhance the company’s capital structure and operational flexibility.
- Jun 10, 2025: Avis Budget Group Appoints Daniel Cunha as Chief Financial Officer
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