When were Budget's asset-backed variable funding financing facilities most recently amended and extended?

According to Budget's 2025 Franchise Disclosure Document, the asset-backed variable funding financing facilities for Americas — Debt due to Avis Budget Rental Car Funding were most recently amended and extended in December 2024. The document specifies that the capacity of these facilities is dependent on maintaining sufficient assets to collateralize the debt.

This information is relevant to prospective Budget franchisees as it provides insight into the financial structure and debt management practices of Budget's parent company, Avis Budget Rental Car Funding. Understanding how the company manages its debt and financing can help franchisees assess the overall financial stability of the brand.

The fact that these facilities were recently amended and extended suggests ongoing efforts to optimize the company's financial arrangements. However, franchisees should be aware that the capacity of these facilities is tied to the value of the company's assets, which could be subject to market fluctuations and other economic factors.