IFLR1000

Avis Budget Rental Car $650 million ABS issue

28/1/2015
Asset Backed Securities (ABS)
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$ 650 million

Completed

28/1/2015

Overview:

  • Avis Budget Rental Car issued $650 million of Series 2015-1 Rental Car Asset Backed Notes.
  • Deutsche Bank Securities, Barclays Capital, Citigroup Global Markets and RBC acted as joint book-runners. 
  • The proceeds from the issue were used to finance maturing vehicle-backed debt

Rani Mehta - Journalist 

 

Jurisdiction:

United States

Deal type:

Asset Backed Securities (ABS)

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Automotive

Firm:
Simpson Thacher & Bartlett

Party: Deutsche Bank Securities (Underwriter)

Party: Barclays Capital (Underwriter)

Party: Citigroup Global Markets (Underwriter)

Party: RBC (Underwriter)

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