On May 16, 2024, WTH Car Rental ULC, a subsidiary of Avis Budget Group, completed its issuance of $175 million aggregate principal amount of 5.145 percent fixed-rate asset-backed notes, series 2024-1, Class A.

The Notes were distributed through a syndicate of agents which included BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc, RBC Dominion Securities Inc., and Scotia Capital Inc.

McCarthy Tétrault advised the Agents with a team led by Jo-Anna Brimmer that included Lama Kahiel (Business), Jeff Oldewening, Fred Purkey and Kathryn Walker (Tax).