{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-24-000731","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.760864+00:00","generated_at":"2026-06-04T16:11:13.211378+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Avis Budget subsidiary issues $1.1B in ABS notes across two series","bullets":["ABRCF issued $400M Series 2024-2 notes (3yr) with Class A/B/C/R rates from 5.13% to 7.942%.","ABRCF issued $700M Series 2024-3 notes (5yr) with Class A/B/C/R rates from 5.23% to 8.062%.","Notes secured by vehicles in Avis domestic fleet; Class R notes held by AESOP Leasing for risk retention.","Proceeds from sale deposited into Collection Account as Principal Collections."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-24-000731","json":"https://secwatch.observer/filing/0000950142-24-000731.json","markdown":"https://secwatch.observer/filing/0000950142-24-000731.md","text":"https://secwatch.observer/filing/0000950142-24-000731.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/eh240458417_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:11:13.211378+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":"409399ab1ec8807bb2bcf8690c2c0dd5d68990ab","claim":"AVIS BUDGET GROUP, INC. incurred debt of $400 million with The Bank of New York Mellon Trust Company, N.A. maturing three years.","evidence_excerpt":"On March 12, 2024 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $400 million of asset-backed securities with a maturity of three years","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$400 million"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Maturity","value":"three years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5ef90f5a417a2244e162a0a5ff94f8e3a3c09b99","claim":"AVIS BUDGET GROUP, INC. incurred debt of $700 million with The Bank of New York Mellon Trust Company, N.A. maturing five years.","evidence_excerpt":"On the Closing Date, ABRCF also issued $700 million of asset-backed securities with a maturity of five years","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$700 million"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Maturity","value":"five years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0fcce6a31840ab470e238a7333a5674fd781809c","claim":"AVIS BUDGET GROUP, INC. entered into Series 2024-2 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $400 million (effective 2024-03-12).","evidence_excerpt":"The notes were issued under the Series 2024-2 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2024-2 Agent (the “Series 2024-2 Supplement”),","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2024-03-12"}],"fact_type":"material_agreement"},{"claim_id":"2d54c692cad71544632fa002791a3af033d08b4f","claim":"AVIS BUDGET GROUP, INC. entered into Series 2024-3 Supplement with The Bank of New York Mellon Trust Company, N.A. valued at $700 million (effective 2024-03-12).","evidence_excerpt":"etween ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2024-2 Agent (the “Series 2024-2 Supplement”),","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Value","value":"$700 million"},{"label":"Effective","value":"2024-03-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}