Avis Budget Rental Car Funding (AESOP) is in the market with a $300 144A deal called Avis Budget Series 2011-5.
The senior/subordinate structure will offer investors a Moody's Investors Service 'Aaa'-rated Class A tranche and a 'Baa2(sf)'-rated Class B portion.
The Series 2011-5 Notes, have an approximately a 66 month expected final maturity
The issuer is an indirect subsidiary of the sponsor, Avis Budget Car Rental (ABCR). ABCR is a unit of Avis Budget Group and the owner and operator of Avis Rent A Car System and Budget Rent A Car System.