Date Closed

May 16, 2024

Lead Office

Toronto

Value

175.00 Million CAD

On May 16, 2024, WTH Car Rental ULC (“Rental ULC”) completed its issuance of C$175,000,000 aggregate principal amount of 5.145% Fixed Rate Asset-Backed Notes, Series 2024-1, Class A (the “Notes”). 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. (collectively, the “Agents”). 

Rental ULC, is a special purpose entity that issues securities and other obligations to finance the acquisition of vehicles to Aviscar Inc., Budgetcar Inc., Zipcar Canada Inc. and Payless Car Rental Canada 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).