Item 1.01 Entry into a Material Definitive Agreement.

On November 17, 2021, our Avis Budget Rental Car Funding (AESOP) LLC subsidiary issued $650,000,000 of asset-backed securities with a maturity of five years, comprised of $474,500,000 aggregate principal amount of Series 2021-2 1.66%, Class A notes, $58,500,000 aggregate principal amount of Series 2021-2 1.90%, Class B notes, $39,000,000 aggregate principal amount of Series 2021-2 2.35%, Class C notes and $78,000,000 aggregate principal amount of Series 2021-2 4.08%, Class D notes. Avis Budget Rental Car Funding (AESOP) LLC also issued $35,750,000 aggregate principal amount of Series 2021-2 7.032%, Class R notes, which are subordinated to the Class A, Class B, Class C and Class D notes and which were issued to its sole member, AESOP Leasing L.P. The notes were issued under the Series 2021-2 Supplement, dated as of November 17, 2021, between Avis Budget Rental Car Funding (AESOP) LLC and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2021-2 Agent, to the Second Amended and Restated Base Indenture, dated as of June 3, 2004, as amended (the "Base Indenture").

The notes are secured under the Base Indenture primarily by vehicles in our domestic fleet and other related assets. The foregoing summary of the notes is qualified in its entirety by reference to the full text of the Series 2021-2 Supplement, a copy of which is attached hereto as Exhibit 10.1 and which is incorporated by reference herein.

Certain purchasers of the notes, the trustee and their respective affiliates have performed, and may in the future perform, various commercial banking, investment banking and other financial advisory services for us and our subsidiaries for which they have received, and will receive, customary fees and expenses.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under

an Off-Balance Sheet Arrangement of a Registrant.

The information described above under Item 1.01 of this report is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are filed as part of this report:





Exhibit
  No.                                    Description

10.1          Series 2021-2 Supplement, dated as of November 17, 2021, between
            Avis Budget Rental Car Funding (AESOP) LLC and The Bank of New York
            Mellon Trust Company, N.A., as trustee and Series 2021-2 Agent.

104         The cover page from this Current Report on Form 8-K formatted in
            Inline XBRL (included as Exhibit 101).

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