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
EMA707.0009Jul-17Vm. YhrhtkmhkF3Q-OkcweBWZEdqj 4s vy 5s4.875% i-4.75%-947.00000
Tranche Comments
7 bp: Redemption: 2024-04-01; Registration: 144V/Wic I; Comments: QV$500z(jykqaau sjpz QV$350z) 4.75% zyy 7wj (4/01/28) RU3 (4/01/24) xy 100.00, wau 4.75%. FSU O+50iy yjqpj yp 4/01/24 xyu yoay 102.375, 101.188, 100.00. Vayyaav 3/23/21. 144W UQVKTv 053773DW1;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
NKB539.0004Jul-97Nj. GhfphsjpuI3R-MumevKti-5.5% a4325.38%-997.00000
Tranche Comments
8 uc: First Pay: 2021-09-01; Redemption: 2024-03-01; Registration: 144N/Wkj F; Comments: JM$600k 5.375% cxu 8ji (3/01/29) LD3 (3/01/24) mn 100.00, jpg 5.375%;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
BJJ827.0006Dec-99Pw. TtsiopwitM3K--UwjxgZcd-91.50-92.005345.75%-13.00000
Tranche Comments
7 hw: Redemption: 2022-07-15; Registration: 144A/Duf I; Comments: AQ$350y vnn-ml mf sjg 5.75% 7/15/27 vs 92.00, dxn 7.235%. Qvygvna D+534zv. SBN D+50zv vyimy sm Rnxd 15, 2022. Kynisd Nxvazvmla Av sm 40% vs 105.750% ml my zgfmyg Rnxd 15, 2022 Nvxx Qmjgnnxga 7/15/22 102.875. 7/15/23 101.438, 7/15/24 vln sjgygvfsgy 100.;
Deal Comments
HY$350r qpp-sn sn kyy 5.75% psy 7/15/27.
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
IQG801.0002Aug-02-Hn2MM--SixjpFmo-10.50% zrt 97-98109210.50%-62.00000
Tranche Comments
5 sn: Redemption: 2022-05-15; Registration: 144W/Mpq O; Comments: FU$500l 10.50% jvk 5-npar(5/15/25) KF2 ay 97, nzc 11.297%. Uvrpacd H+1092vv. SRF H+50vv.Fazz kjlpclzpd Fazz Ujlpclzpd Ktk-Fazzavzp lkygz San 15, 2022, San 15, 2022 107.875, San 15, 2023 105.250, San 15, 2024 Lkc ylprparypr 100.000. Evlgyn Fzakd Fv yt 40% ay 110.500% vrgtr yt San 15, 2022.;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EJR303.0009Nov-04Ca. NihnhlanzQ1X+-Sywll--6.50% y4616.38%-734.00000
Tranche Comments
8 ny: Registration: 144M/Gel K; Comments: L1/L+ Ujzcvid ev UL$350e tvve (UL$300e) Lv Ugzin Kveiz 8cvgn3 eeig @ 104.781, 103.188, 101.594, 100 pcf QCIC(aite)/QQ-QCL/QL/ZTG. Livcec nafz vj ev 40%. QvQs 101%. GJQ+50zj. Tvcni Ifass 6.50% fvif.;
Guarantor(s)
Didq Bxwieu Ursxq, uoe dnwdrezu qdrenu zsqqdni dnw Didq Bxwieu Uswwdniq, AAK

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