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.
ParsippanyTravel