{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-002738","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.827523+00:00","generated_at":"2026-06-08T12:00:15.673372+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Avis Budget Group increases ABS facilities by $500M in temporary bridge financing","bullets":["Series 2010-6 facility increased from ~$3.06B to ~$3.46B; Series 2015-3 from ~$279.3M to ~$379.3M.","Increases are temporary; amounts revert by $400M and $100M on Feb 28, 2024 or upon new term note offering.","Amendments dated Nov 3, 2023 through subsidiary ABRCF; notes secured by rental car fleet assets.","Bridge financing provides additional liquidity for U.S. fleet; reduction date set at earlier of Feb 28, 2024 or new issuance."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-002738","json":"https://secwatch.observer/filing/0000950142-23-002738.json","markdown":"https://secwatch.observer/filing/0000950142-23-002738.md","text":"https://secwatch.observer/filing/0000950142-23-002738.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/eh230417405_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T12:00:15.673372+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":"85b3b9ba9b958c74f55e26ccbab0af6bcd3fc8f4","claim":"AVIS BUDGET GROUP, INC. amended debt of increased from approximately $3.06 billion to $3.46 billion.","evidence_excerpt":"the aggregate amount of the Series 2010-6 Notes facility was increased from approximately $3.06 billion to $3.46 billion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"increased from approximately $3.06 billion to $3.46 billion"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"e8be0e4fe3b50808c4fe8a1082f0ed16e6bda27e","claim":"AVIS BUDGET GROUP, INC. amended debt of increased from approximately $279.3 million to $379.3 million.","evidence_excerpt":"the aggregate amount of the Series 2015-3 Notes facility was increased from approximately $279.3 million to $379.3 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"increased from approximately $279.3 million to $379.3 million"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"6d3de87d46a2d11c25272aa92ad5c7f2942eb4b7","claim":"AVIS BUDGET GROUP, INC. amended Third Amendment to the Third Amended and Restated Series 2015-3 Supplement valued at increased from approximately $279.3 million to $379.3 million (effective 2023-11-03).","evidence_excerpt":"on November 3, 2023 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) completed an amendment of its asset-backed variable-funding financing facilities","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Value","value":"increased from approximately $279.3 million to $379.3 million"},{"label":"Effective","value":"2023-11-03"}],"fact_type":"material_agreement"},{"claim_id":"a5c72f42f795df879b7f9981b4239a6fefe0f069","claim":"AVIS BUDGET GROUP, INC. amended Third Amendment to the Fifth Amended and Restated Series 2010-6 Supplement valued at increased from approximately $3.06 billion to $3.46 billion (effective 2023-11-03).","evidence_excerpt":"on November 3, 2023 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) completed an amendment of its asset-backed variable-funding financing facilities","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Value","value":"increased from approximately $3.06 billion to $3.46 billion"},{"label":"Effective","value":"2023-11-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}