---
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"
generated_at: "2026-06-08T12:00:15.673372+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Group increases ABS facilities by $500M in temporary bridge financing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-002738
- JSON: https://secwatch.observer/filing/0000950142-23-002738.json
- Plain text: https://secwatch.observer/filing/0000950142-23-002738.txt

## Key facts
- Debt Financings
  AVIS BUDGET GROUP, INC. amended debt of increased from approximately $3.06 billion to $3.46 billion.
  - Principal: increased from approximately $3.06 billion to $3.46 billion
  - Event: amendment
  source text: the aggregate amount of the Series 2010-6 Notes facility was increased from approximately $3.06 billion to $3.46 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm
- Debt Financings
  AVIS BUDGET GROUP, INC. amended debt of increased from approximately $279.3 million to $379.3 million.
  - Principal: increased from approximately $279.3 million to $379.3 million
  - Event: amendment
  source text: the aggregate amount of the Series 2015-3 Notes facility was increased from approximately $279.3 million to $379.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Value: increased from approximately $279.3 million to $379.3 million
  - Effective: 2023-11-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Value: increased from approximately $3.06 billion to $3.46 billion
  - Effective: 2023-11-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014223002738/0000950142-23-002738-index.htm

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