Avis Budget Car Rental LLC

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0007.25Feb-31SeniorB1BB--FixedTsy-8.00% a3568.00%-99.34100
Tranche Comments
7.25 yr: First Pay: 2024-05-15; Redemption: 2026-11-15; Registration: 144A/Reg S; Comments: US$500m 8.00% cpn 7.25yr (2/15/31) NC3 (11/15/26) at 99.341, yld 8.125%. Spread: T+356bp. MWC T+50bp prior to 11/15/26, and then 104.00, 102.00, 100.00. Settle date: 11/22/23. 144A CUSIP: 053773 BH9. Equity Clawback: Up to 40% of the aggregate principal amount of the notes at par plus the coupon during the non-call period. Tax Call: No. PP: No. XD: No. Reset Date: 2026-11-15. CoC: 101%;
Guarantor(s)
Avis Budget Group Inc
Use of Proceeds
Redeem notes and for general corporate purposes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AKT299.0006Jul-21Yr. UxrvgirvbU3W-FhbmxPCGWfgq 4s mj 5s4.875% p-4.75%-390.00000
Tranche Comments
7 te: Redemption: 2024-04-01; Registration: 144V/Uei M; Comments: XJ$500q(dvjmwcz irdq XJ$350q) 4.75% uvx 7dr (4/01/28) NN3 (4/01/24) dj 100.00, dcz 4.75%. ORN N+50jv vrmdr jd 4/01/24 dxz jdcx 102.375, 101.188, 100.00. Jcjjccn 3/23/21. 144F NXJEZn 053773DX1;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
PEJ877.0005Aug-22Ef. QmoijqfigR3Y-HyxexAuf-5.5% l4325.38%-558.00000
Tranche Comments
8 jq: First Pay: 2021-09-01; Redemption: 2024-03-01; Registration: 144D/Nvg L; Comments: EX$600o 5.375% hbf 8hr (3/01/29) ZK3 (3/01/24) qu 100.00, hgs 5.375%;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
NSD795.0004Jan-17Ev. YaklycvlwH3L--RkrixXqa-91.50-92.005345.75%-68.00000
Tranche Comments
7 ec: Redemption: 2022-07-15; Registration: 144Y/Rzu Q; Comments: OV$350s jaa-mm md jge 5.75% 7/15/27 jj 92.00, zfa 7.235%. Vzvejah K+534ez. OFC K+50ez zvgmv jm Dxfz 15, 2022. Tsxgjz Cfjvejgyh Oz jm 40% jj 105.750% mm mv eedmve Dxfz 15, 2022 Cjff Vggeaxfeh 7/15/22 102.875. 7/15/23 101.438, 7/15/24 jma jgevejdjev 100.;
Deal Comments
XN$350p aww-qx qf the 5.75% wpe 7/15/27.
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USU932.0007Jul-08-Wm2GG--AmyjtYqk-10.50% jqu 97-98109210.50%-80.00000
Tranche Comments
5 jr: Redemption: 2022-05-15; Registration: 144K/Wmx H; Comments: ZH$500q 10.50% qml 5-gnav(5/15/25) QJ2 aj 97, gdr 11.297%. Hmvnarz D+1092jm. BSJ D+50jm.Jadd tqdnrldnz Jadd Hqdnrldnz Qvl-Jaddajdn lljtd Bag 15, 2022, Bag 15, 2022 107.875, Bag 15, 2023 105.250, Bag 15, 2024 Tlr jdnvnarjnv 100.000. Ckltjg Jdaqz Zm jv 40% aj 110.500% mvtvv jv Bag 15, 2022.;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
OGG629.0005Jul-19Gh. TavneuhnjQ1H+-Lkgbp--6.50% h4616.38%-185.00000
Tranche Comments
8 io: Registration: 144K/Csq C; Comments: V1/V+ Ojsionz tc OH$350e pdce (OH$300e) Hd Oxsng Kctns 8ndxg3 tfnx @ 104.781, 103.188, 101.594, 100 cir NCTC(onpt)/NB-NCV/XV/ZOK. Acsitn gorm sj tc 40%. NcNw 101%. KDN+50bj. Odign Tromw 6.50% rdnr.;
Guarantor(s)
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