Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
AVIS BUDGET GROUP, INC. amended credit facility of $538,750,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at SOFR plus 3.00% per annum maturing March 16, 2029.
- Instrument
- credit facility
- Principal
- $538,750,000
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent
- Rate
- SOFR plus 3.00% per annum
- Maturity
- March 16, 2029
- Event
- amendment
Exact text from the filing
ABCR refinanced the existing tranche C term loans (the “Existing Tranche C Term Loans”) under the Sixth A&R Credit Agreement ( of which approximately $738,750,000 was outstanding immediately prior to the Closing Date) with repriced $538,750,000 tranche C term loans (the “New Tranche C Term Loans”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
AVIS BUDGET GROUP, INC. amended Sixth Amendment with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto valued at $538,750,000 (effective 2023-12-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto
- Value
- $538,750,000
- Effective
- 2023-12-08
Exact text from the filing
On December 8, 2023 (the “Closing Date”), Avis Budget Group, Inc. and its subsidiaries, Avis Budget Holdings, LLC and Avis Budget Car Rental, LLC (“ABCR”), as the Borrower (collectively, the “Avis Parties”), entered into the Sixth Amendment (the “Sixth Amendment”) to the Sixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto (the “Sixth A&R Credit Agreement”).
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