AVIS BUDGET GROUP, INC. — Form 8-K
Filed September 24, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 25/100
What the filing says
On September 21, 2026, Avis Budget Rental Car Funding (AESOP) LLC closed a Series 2026-5 securitization issuing $703.75M in five classes of asset-backed notes: Class A ($474.5M at 5.69%), Class B ($61.75M at 5.95%), Class C ($47.125M at 6.44%), Class D ($66.625M at 8.14%), and Class R ($35.75M at 9.598%). The notes are backed by rental car leases and supported by a multi-series letter of credit, reserve accounts, and demand notes. Principal amortization is scheduled to begin August 31, 2031, with final maturity March 2033.
Why this rating
Routine asset-backed securitization; $704M is ~25% of Avis's $2.8B market cap, meaningful but standard financing activity. No material operational change.
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