AVIS BUDGET GROUP, INC. (CAR): debt financing — Avis Budget extends revolving credit facility maturity to Dec 27, 2028 via Seventh Amendment

AVIS BUDGET GROUP, INC.

Maturity of revolving credit facility extended to December 27, 2028.
Seventh Amendment refinances existing revolving commitments with new commitments from lenders including JPMorgan, BofA, Barclays.
No other terms of the credit agreement were changed; all existing obligations remain.
Amendment effective as of December 27, 2023; filing made on January 3, 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AVIS BUDGET GROUP, INC. amended revolving credit with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto maturing December 27, 2028.

Instrument: revolving credit
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto
Maturity: December 27, 2028
Event: amendment

Exact text from the filing

extended the maturity of the Company’s revolving credit facility thereunder to December 27, 2028

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AVIS BUDGET GROUP, INC. amended Seventh Amendment with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto (effective 2023-12-27).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto
Effective: 2023-12-27

Exact text from the filing

On December 27, 2023, Avis Budget Group, Inc. (the “Company”) and its subsidiaries, Avis Budget Holdings, LLC and Avis Budget Car Rental, LLC, as the Borrower (collectively, the “Avis Parties”), entered into the Seventh Amendment (the “Seventh 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”), which extended the maturity of the Company’s revolving credit facility thereunder to December 27, 2028.

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283 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0000950142-24-000026

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