Avis Budget Group, Inc. - Form 8-K Filing
On June 9, 2026, Avis Budget Rental Car Funding (AESOP) LLC, a subsidiary of Avis Budget Group, Inc., issued $650 million in asset-backed securities. These securities are comprised of multiple tranches of notes with maturities of three and five years. Specifically, Series 2026-3 notes include Class A, B, C, and D notes with varying interest rates, totaling $230 million. Series 2026-4 notes also include Class A, B, C, and D notes, totaling $400 million. Additionally, both series include Class R notes, totaling $35.75 million, issued to comply with U.S. risk retention rules and held by an AESOP Leasing L.P. subsidiary. These notes are secured by vehicles in the domestic fleet and related assets under the terms of the Second Amended and Restated Base Indenture. The issuance was structured through two supplements: the Series 2026-3 Supplement and the Series 2026-4 Supplement.