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Avis Budget Group raised $650 million through asset-backed securities across Series 2026-3 and Series 2026-4 to fund its fleet, with Bank of New York Mellon as trustee.

PUBLIC · CARJun 12, 2026•2 days ago

Amount Raised

$650 Million

ParsippanyTravel

Investors

Bank Of New York Mellon Trust Company

Description

Avis Budget Group issued $650 million of asset-backed securities across two series to fund and refinance its U.S. vehicle fleet. The Series 2026-3 notes total $250 million with a three-year maturity, while the Series 2026-4 notes total $400 million with a five-year maturity. Both series are secured by vehicles and related assets

Company Information

Company

Avis Budget Group

Location

Parsippany, New Jersey, United States

About

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 North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world.

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