Avis Budget Group raised $650 million through asset-backed securities across Series 2026-3 and Series 2026-4 to fund its fleet, with Bank of New York Mellon as trustee.
Amount Raised
$650 Million
Round Type
Funding Round
ParsippanyTravelInvestors
Description
Avis Budget Group issued $650 million of asset-backed securities across two series to fund and refinance its U.S. vehicle fleet. The Series 2026-3 notes total $250 million with a three-year maturity, while the Series 2026-4 notes total $400 million with a five-year maturity. Both series are secured by vehicles and related assets
Quick answer
Avis Budget Group raised $650 Million in a Funding Round round, dated June 12, 2026. Investors: Bank Of New York Mellon Trust Company. Avis Budget Group is based in Parsippany, New Jersey, United States.
- How much did Avis Budget Group raise?
- Avis Budget Group raised $650 Million in a Funding Round round on June 12, 2026.
- Who invested in Avis Budget Group?
- Bank Of New York Mellon Trust Company is named as investors in this round.
- What does Avis Budget Group do?
- 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,..
- Where is Avis Budget Group based and how big is it?
- Avis Budget Group is based in Parsippany, New Jersey, United States. Fundz records about 21,000 employees.
- Who are the decision-makers at Avis Budget Group?
- Fundz holds 2 contacts at Avis Budget Group, including the Senior Vice President Operations EMEA. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Travel around the same time
Companies in the same sectors as Avis Budget Group that raised within 45 days of this round, from Fundz verified event records.
- AB Novaturas raised an undisclosed amount on July 22, 2026.
- 30 Sundays raised $6.7M on July 21, 2026.
- Ant International raised $1.2B (Series A) on July 21, 2026.
- Fora Travel raised $60M (Series D) on July 17, 2026.
- Fora Travel raised $60M (Series D) on July 16, 2026.
- Doctorsa raised $1.1M (Seed) on July 13, 2026.
Who to call at Avis Budget Group, and when
A new round usually means Avis Budget Group is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Avis Budget Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Avis Budget Group, from your own LinkedIn network
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Related People
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