secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0000950142-23-001058
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget issues $450M 3-year and $550M 5-year ABS notes secured by fleet
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014223001058/0000950142-23-001058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014223001058/eh230347691_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001058

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