---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-001247"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T07:01:24.322879+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Avis Budget (CAR) temporarily upsizes fleet ABS facilities to $4.69B

## Summary
- Series 2010-6 Notes facility increased from $3.56B to $4.27B; Series 2015-3 from $342M to $421.37M.
- Increased amounts will reduce by $225M and $25M on Aug 31, 2023, then fully revert by Oct 31, 2023 or upon new notes offering.
- ABRCF amended its asset-backed variable-funding facilities, which finance a portion of the U.S. rental car fleet.
- Amendment adds bridge facility mechanics and updates purchaser group schedules for the temporary capacity.

## SEC filing metadata
- accession: 0000950142-23-001247
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000095014223001247/0000950142-23-001247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000095014223001247/eh230352485_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-001247
- JSON: https://secwatch.observer/filing/0000950142-23-001247.json
- Plain text: https://secwatch.observer/filing/0000950142-23-001247.txt

## Key facts
- Material Agreements
  AVIS BUDGET GROUP, INC. amended Second Amendment to the Third Amended and Restated Series 2015-3 Supplement valued at from $342 million to $421.37 million (effective 2023-04-24).
  - Action: amendment
  - Agreement: credit facility
  - Value: from $342 million to $421.37 million
  - Effective: 2023-04-24
  source text: xhibit 10.1, and the Second Amendment to the Third Amended and Restated Series 2015-3 Supplement, a copy of which is attached
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014223001247/0000950142-23-001247-index.htm
- Material Agreements
  AVIS BUDGET GROUP, INC. amended Second Amendment to the Fifth Amended and Restated Series 2010-6 Supplement valued at from $3.56 billion to $4.27 billion (effective 2023-04-24).
  - Action: amendment
  - Agreement: credit facility
  - Value: from $3.56 billion to $4.27 billion
  - Effective: 2023-04-24
  source text: ext of the Second Amendment to the Fifth Amended and Restated Series 2010-6 Supplement, a copy of which is attached hereto as
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014223001247/0000950142-23-001247-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.