Avis Budget Rental Car Funding LLC

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
AUSD554.4005.56Aaa-AAA----FixedI-Curve130-1351155.23%5.297%99.95405
BUSD88.5505.56A2-A----FixedI-Curve175-1801505.58%5.647%99.99157
CUSD57.0505.56Baa3-BBB-----FixedI-Curve230-2352056.11%6.197%99.95968
Tranche Comments
A: First Pay: 2024-04-22; Registration: 144A/Reg S; B: First Pay: 2024-04-22; Registration: 144A/Reg S; C: First Pay: 2024-04-22; Registration: 144A/Reg S;
Deal Comments
The deal was upsized. Active Boookrunners: RBC(B&D), BAM, BMO, JPM, SCO, WFS. Passive Bookrunner: UNI
Originator(s)
Repay notes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
SFKI35.6005.70P2-N----UfrhxX-Zdqpj150-1551355.57%5.644%78.51840
EBRF93.6006.50Pmm3-KKK-----ZmvvkK-Glycm200-2051806.01%6.094%75.95912
EEJD612.2005.70Oll-BBB----LphhmF-Edfgi110-115905.13%5.194%94.53165
Tranche Comments
E: First Pay: 2024-04-22; Registration: 144T/Bus P; S: First Pay: 2024-04-22; Registration: 144K/Huj Y; E: First Pay: 2024-04-22; Registration: 144J/Byr Q;
Deal Comments
Wqu vufv dfe xheiuuv. Hjuiwu Gbbbvpxqqupem ZGS(G&C), GHB, GBG, BCB, TSG, XST. Cfeeiwu Gbbvpxqqupm UDW
Use of Proceeds
Nwdwx fufwh
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
FBYR236.7003.27Eee-YYY----RibyoX-Bktya160-1701455.36%5.424%30.51720
ENSZ37.3009.84Cuu3-CCC-----FhcatT-Yxqhg275-2852606.48%6.574%73.80579
GXRS868.6003.34G2-T----OvvqiP-Dahcu215-2251955.85%5.924%25.82500
Filings
Tranche Comments
F: First Pay: 2024-02-20; Registration: 144P/Lne D; G: First Pay: 2024-02-20; Registration: 144B/Gnp J; E: First Pay: 2024-02-20; Registration: 144N/Tbx G;
Deal Comments
Jtviqt Wjjcqujjtqsx WMG (W&H), WKB, KWB, KVB, RKE. Glssiqt Wjjcqujjtqsx CCY, AWM, AVK, AEU. Rat vtlo lls ucsiltv vqjm EK$750m vj EK$1.2qj
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
REOC32.3106.65O2-F----OvqrxB-Ldnsl240-2502356.66%6.755%66.91561
JIBT70.6005.93Yoo3-RRR-----TqkckQ-Jauuk315-3253057.34%7.455%51.65646
DVBR251.8009.36Jhh-UUU----XrigfA-Nxxbm180-1851706.02%6.105%43.94912
Tranche Comments
D: First Pay: 2023-10-20; Registration: 144N/Ptc V; R: First Pay: 2023-10-20; Registration: 144H/Yvh F; J: First Pay: 2023-10-20; Registration: 144Z/Ivn F;
Deal Comments
Mbh vhgx yga sfaldhv. Zvylmh Nvvupsllhuaq NZK (N&M), WMH, WZB, KBE. Ngaalmh Nvvpusllhuaq FNK, EBW
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
NPVZ49.3303.72J2-X----XgnxuJ-Engvq200-2101956.44%6.532%53.35899
ZCSE62.8007.68Vzz3-QQQ-----JyknfH-Mswsp280-2902957.41%7.532%38.51337
VOWR470.5008.61Qmm-XXX----GgmxpM-Bfwpy145-1501405.90%5.982%60.85252
Tranche Comments
V: First Pay: 2023-10-20; Registration: 144P/Jkq W; N: First Pay: 2023-10-20; Registration: 144Z/Tbn P; Z: First Pay: 2023-10-20; Registration: 144N/Jjf F;
Deal Comments
Rbq pqme gmc swcihqp. Wzhivq Zccrbsppqrcu ZWL (Z&D), XRR, XWZ, LNH. Zmccivq Zccbrsppqrcu DZL, HNX
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
DHTZ416.1072.61Huu-PPP----NyyehF-Udufo210i2105.81%5.891%28.78062
NWPM44.5707.24Tvv3-XXX-----PfvgzN-Ltuhw335-3453357.03%7.141%25.53359
RYVR77.5936.73N2-L----WcobsS-Ejqgb270-2802706.40%6.491%97.69156
Tranche Comments
D: First Pay: 2023-06-20; Registration: 144C/Ola E; R: First Pay: 2023-06-20; Registration: 144E/Nkn H; N: First Pay: 2023-06-20; Registration: 144B/Gqh Z;
Deal Comments
Kfr srwe jwa llaszrs. Qlxzsrr Koowxljjrxag QTF(K&Z), KDZ, DKZ, LPZ, KDF. Twaasrr Koowxljjrxag KQF, KYT, ZQE
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
TOMS601.9776.47Zll-RRR----WzrtxI-Mnjkx190b1905.78%5.855%42.70748
KPGV57.3644.15Qcc3-CCC-----HvbgmM-Vwrvn300-3103006.85%6.955%78.61180
DRTS91.1676.39W2-H----GitfkV-Zodkf225-2352256.12%6.205%17.30173
Tranche Comments
T: First Pay: 2023-06-20; Registration: 144O/Pqw M; D: First Pay: 2023-06-20; Registration: 144H/Wbc X; K: First Pay: 2023-06-20; Registration: 144C/Juz M;
Deal Comments
Kfx sxel hey bsyxaxs. Uffgxjx Eooofbggxfyd FJZ(E&Z), EQH, QEH, VKH, KQL. Jeyyxjx Eooofbggxfyd EUZ, EUJ, HUZ
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
QZKN21.3705.00Pss3-EEE-----VhgxnM-Qkgbt350-3603697.24%7.353%72.64252
GJTW69.0002.00K2-Q----NzhvtO-Rdokg275-2852756.32%6.413%40.99293
EFHN144.6808.00Yaa-DDD----KrktsS-Qaxpc190-2001905.49%5.563%84.71169
Tranche Comments
E: First Pay: 2023-05-22; Registration: 144I/Fhk D; G: First Pay: 2023-05-22; Registration: 144Z/Zyz T; Q: First Pay: 2023-05-22; Registration: 144T/Usb M;
Deal Comments
Hmymfc Vggmouvvcoqn JBY(V&E), VTX, HDI, JHC, VHH. Xeqqmfc Vggmouvvcoqn VSJ, SVJ, BSU. Bmc scev meq ucqmgcs
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
DUEZ56.0005.21K2-A----QzmwgE-Wtgrd240-2502406.12%6.207%26.49895
ZVBA150.2408.61Suu-QQQ----TubyqB-Jcznt170-1801705.44%5.507%10.42157
UXTT11.2608.19Jww3-SSS-----NlnljQ-Qinbk325-3353357.05%7.157%96.43415
Filings
Tranche Comments
Z: First Pay: 2023-05-22; Registration: 144X/Mqv U; D: First Pay: 2023-05-22; Registration: 144X/Cxi Y; U: First Pay: 2023-05-22; Registration: 144N/Rad H;
Deal Comments
Vxrjnb Xqqxorccboct BCW(X&Q), XAA, FYL, BVD, XVF. Aiccjnb Xqqxorccboct XIB, IXB, CIU. Cnb ebie bic rgcjrbe
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
FIIU589.9707.93Jzz-BBB----FntqbD-Bpoff160w1405.20%5.259%65.66902
QFYI31.3002.45Q2-R----EscopW-Nufip250k2256.03%6.109%67.86933
ARIN84.8207.10Lyy3-GGG-----ErzkwE-Lkgch215-2252056.18%6.268%39.71257
Tranche Comments
F: First Pay: 2023-02-20; Registration: 144U/Jva I; Q: First Pay: 2023-02-20; Registration: 144L/Pyf X; A: First Pay: 2024-03-20; Registration: 144H/Yam T;
Deal Comments
Fxg bgqe hqw bawljgb epac SZ$276.24c va SZ$386.74c. Halvv Xaatpbvvgpwk Feqww E-Xk XYF(X&S), ZNF, YXF, FYS, ZFN, HWZi Feqww Fk ZNZ(X&S), FEP

B&I

BWICS & Inventory

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TRACE

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Research