{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-22-003287","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2022-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.367238+00:00","generated_at":"2026-06-21T10:31:35.334134+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Avis Budget ABS subsidiary issues $500.5M in five-year asset-backed notes","bullets":["Avis Budget Rental Car Funding (AESOP) issued $500.5M in Series 2022-5 ABS: Class A $434.1M at 6.12%, Class B $66.4M at 7.09%.","ABRCF retained $52.5M Class C notes (9.27%) and issued $30.4M Class R notes (11.162%) for risk retention.","Notes mature in five years and are secured primarily by vehicles in the domestic fleet.","Proceeds deposited into Collection Account and deemed Principal Collections for fleet funding.","Class B, C, and R notes are subordinated to Class A notes in right of payment."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-22-003287","json":"https://secwatch.observer/filing/0000950142-22-003287.json","markdown":"https://secwatch.observer/filing/0000950142-22-003287.md","text":"https://secwatch.observer/filing/0000950142-22-003287.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014222003287/0000950142-22-003287-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014222003287/eh220307786_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:31:35.334134+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dde4f0ddac3f1f40a09a4cbb62ad18ca98c7e34e","claim":"AVIS BUDGET GROUP, INC. entered into Series 2022-5 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $500.5 million (effective 2022-11-29).","evidence_excerpt":"On November 29, 2022 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $500.5 million of asset-backed securities with a maturity of five years, comprised of $434.1 million aggregate principal amount of Series 2022-5 6.12%, Class A notes, and $66.4 million aggregate principal amount of Series 2022-5 7.09%, Class B notes.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014222003287/0000950142-22-003287-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"$500.5 million"},{"label":"Effective","value":"2022-11-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}