secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0000950142-23-002455
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget subsidiary issues $1B in ABS: $300M 3-year and $700M 5-year notes
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- Issued $300M Series 2023-7 notes (3yr): Class A $237.6M at 5.90%, Class B $38M at 6.44%, Class C $24.5M at 7.41%, Class R $16.5M at 9.321%.
- Issued $700M Series 2023-8 notes (5yr): Class A $554.4M at 6.02%, Class B $88.6M at 6.66%, Class C $57M at 7.34%, Class R $38.5M at 9.268%.
- Notes are secured by vehicles in Avis Budget's domestic fleet and related assets.
- Proceeds from both series deposited into the collection account and deemed Principal Collections.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014223002455/0000950142-23-002455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014223002455/eh230400939_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002455

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