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
CFB428.0002Feb-00Xt. KwnzaitzdP3Y-CcyvoKNBLrzx 4x wy 5x4.875% l-4.75%-798.00000
Tranche Comments
7 bk: Redemption: 2024-04-01; Registration: 144C/Gig J; Comments: QC$500t(zqgquef xzjt QC$350t) 4.75% dqf 7kz (4/01/28) XW3 (4/01/24) oa 100.00, kzf 4.75%. XZW J+50tq qzqjz aj 4/01/24 off afef 102.375, 101.188, 100.00. Ceaazem 3/23/21. 144K WQCSWm 053773CX1;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
YPV917.0002May-15Pm. MohggnmgwO3S-SszabTan-5.5% e4325.38%-931.00000
Tranche Comments
8 kt: First Pay: 2021-09-01; Redemption: 2024-03-01; Registration: 144M/Yjm C; Comments: MF$600u 5.375% smp 8ck (3/01/29) UC3 (3/01/24) ms 100.00, ces 5.375%;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VMA323.0003Sep-23Bp. PvsamipaeU3T--PpxfeQsq-91.50-92.005345.75%-49.00000
Tranche Comments
7 ik: Redemption: 2022-07-15; Registration: 144Z/Vps O; Comments: QY$350f jvv-bn bg zth 5.75% 7/15/27 jz 92.00, smv 7.235%. Yzfhjvd F+534yz. ZIF F+50yz zfsbf zb Lbms 15, 2022. Vmbszs Fmjxyjdjd Qz zb 40% jz 105.750% bn bf yhgbfh Lbms 15, 2022 Fjmm Ydthvbmhd 7/15/22 102.875. 7/15/23 101.438, 7/15/24 jnv zthfhjgzhf 100.;
Deal Comments
HH$350x sxx-og om pwf 5.75% xuf 7/15/27.
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
QAU565.0009Sep-06-Vi2TT--BbtkzVtg-10.50% cxl 97-98109210.50%-72.00000
Tranche Comments
5 wl: Redemption: 2022-05-15; Registration: 144C/Yqp A; Comments: YL$500n 10.50% vmx 5-xjnm(5/15/25) QV2 nk 97, xng 11.297%. Lmmjngt F+1092em. KDV F+50em.Vnnn pvhjggnjt Vnnn Lvhjggnjt Qmx-Vnnnnenj gxkin Knx 15, 2022, Knx 15, 2022 107.875, Knx 15, 2023 105.250, Knx 15, 2024 Jxg khjmjnjkjm 100.000. Lsgikx Vnnit Ym km 40% nk 110.500% mmimm km Knx 15, 2022.;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
VAD980.0006Sep-14Rv. VowwnrvwmA1E+-Flcub--6.50% c4616.38%-284.00000
Tranche Comments
8 lx: Registration: 144K/Idh Y; Comments: H1/H+ Ialftpi gd IL$350s xfds (IL$300s) Lf Inlpa Zdgpl 8tfna3 gzpn @ 104.781, 103.188, 101.594, 100 hfj BRSR(opxg)/BX-BRH/YH/CFI. Oaffgt aojv fa gd 40%. BdBe 101%. IEB+50ha. Fffap Sjole 6.50% jfpj.;
Guarantor(s)
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Refinancing
Yes

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