AVIS BUDGET GROUP, INC.
Interpace Funding LLC is a special purpose limited liability company established under Delaware law that serves as the issuer in a securitization transaction involving rental car assets. The company operates as a financing vehicle within the Avis Budget Group ecosystem, specifically structured to facilitate… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What AVIS BUDGET GROUP, INC. does
In the company’s own words
Interpace Funding LLC is a special purpose limited liability company established under Delaware law that serves as the issuer in a securitization transaction involving rental car assets. The company operates as a financing vehicle within the Avis Budget Group ecosystem, specifically structured to facilitate asset-backed financing through the issuance of notes backed by rental car lease receivables and related collateral.
The securitization structure established through this Series 2025-1 Supplement involves multiple classes of notes designed to serve different investor risk profiles. The transaction includes Class A Notes, Class B Notes, and Class C Notes, with varying priority in payment and interest rates. Class A Notes represent the senior tranche with the lowest risk profile, while Class B and Class C Notes are subordinated instruments offering higher yields to compensate for increased risk exposure.
Avis Budget Car Rental LLC, a limited liability company and subsidiary of Avis Budget Group Inc., serves as the administrator for this securitization, overseeing the underlying rental car lease portfolio and related cash flows. The transaction involves multiple funding sources including non-conduit purchasers, commercial paper conduit purchasers, and various banking institutions that provide liquidity support through committed funding arrangements.
The financing structure incorporates sophisticated mechanisms for managing interest rate risk, including provisions for Daily Simple SOFR-based pricing and alternative rate calculations. The transaction also includes provisions for letters of credit from eligible providers to enhance credit support and protect noteholders against certain contingencies.
JPMorgan Chase Bank N.A. serves as the senior administrative agent, while Wells Fargo Bank N.A. serves as the junior administrative agent, with The Bank of New York Mellon Trust Company N.A. acting as trustee and series agent. The securitization framework includes detailed allocation procedures for collections, reserve accounts, and distribution mechanisms designed to ensure appropriate payment priority and risk management throughout the transaction's life.
Company details
- Sector
- Consumer Discretionary
- Industry
- Services
- Headquarters
- PARSIPPANY, NJ
- Fiscal year end
- December
- CIK
- 723612
- SIC
- 7510
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns AVIS BUDGET GROUP, INC. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · AVIS BUDGET GROUP, INC.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
AVIS BUDGET GROUP, INC.’s bonds, as funds hold them
Funds report holding 8 issues of AVIS BUDGET GROUP, INC.’s debt, $245.92M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.42%, maturing 2027 to 2032.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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