{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-001058","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2023-04-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.071656+00:00","generated_at":"2026-06-17T03:23:50.635102+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 issues $450M 3-year and $550M 5-year ABS notes secured by fleet","bullets":["Issued $450M Series 2023-3 ABS (3-yr): $353.25M Class A (5.44%), $54M Class B (6.12%), $42.75M Class C (7.05%), $24.75M Class R (8.964%).","Issued $550M Series 2023-4 ABS (5-yr): $431.75M Class A (5.49%), $66M Class B (6.32%), $52.25M Class C (7.24%), $30.2M Class R (9.170%).","Notes are secured by vehicles in the domestic fleet and other related assets.","Class R notes held by AESOP Leasing L.P. to satisfy U.S. risk retention rules."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-001058","json":"https://secwatch.observer/filing/0000950142-23-001058.json","markdown":"https://secwatch.observer/filing/0000950142-23-001058.md","text":"https://secwatch.observer/filing/0000950142-23-001058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014223001058/0000950142-23-001058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014223001058/eh230347691_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T03:23:50.635102+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":"46e75c54a405e232e397dc57465dd58c768793f2","claim":"AVIS BUDGET GROUP, INC. entered into Series 2023-3 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $450 million (effective 2023-04-06).","evidence_excerpt":"On April 6, 2023 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $450 million of asset-backed securities with a maturity of three years, comprised of $353.25 million aggregate principal amount of Series 2023-3 5.44%, Class A notes, $54 million aggregate principal amount of Series 2023-3 6.12%, Class B notes and $42.75 million aggregate principal amount of Series 2023-3 7.05%, Class C notes.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223001058/0000950142-23-001058-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":"$450 million"},{"label":"Effective","value":"2023-04-06"}],"fact_type":"material_agreement"},{"claim_id":"4a5a3f3cc833b177e6223642ea18f7b89f98d74f","claim":"AVIS BUDGET GROUP, INC. entered into Series 2023-4 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $550 million (effective 2023-04-06).","evidence_excerpt":"On the Closing Date, ABRCF also issued $550 million of asset-backed securities with a maturity of five years, comprised of $431.75 million aggregate principal amount of Series 2023-4 5.49%, Class A notes, and $66 million aggregate principal amount of Series 2023-4 6.32%, Class B notes and $52.25 million aggregate principal amount of Series 2023-4 7.24%, Class C notes.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223001058/0000950142-23-001058-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":"$550 million"},{"label":"Effective","value":"2023-04-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}