Fundz

Avis Budget Group Secures $965 Million in Asset-Backed Securities

PUBLIC · CARJan 05, 2026

Amount Raised

$965 Million

Round Type

Funding Round

ParsippanyTravel

Investors

The Bank Of New York Mellon Trust Company, N.A.

Description

On December 30, 2025, Avis Budget Group's subsidiary, Interpace Funding LLC, issued $965 million in alternative funding asset-backed securities. This issuance consists of approximately $844 million of floating rate Class A Notes, along with Class B and C Notes totaling $121 million. The notes are secured by certain vehicles in the domestic fleet and related assets with a targeted two-year term. The transaction marks a significant achievement for the company in securing funding for its operations.

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.

Fundz sees it the moment Avis Budget Group raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsGianluca T., Senior Vice President Operations EMEA hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Avis Budget Group's next move

See what Strategic adds

Avis Budget Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.