---
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"
generated_at: "2026-06-04T16:11:13.211378+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Avis Budget subsidiary issues $1.1B in ABS notes across two series

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-000731
- JSON: https://secwatch.observer/filing/0000950142-24-000731.json
- Plain text: https://secwatch.observer/filing/0000950142-24-000731.txt

## Key facts
- Debt Financings
  AVIS BUDGET GROUP, INC. incurred debt of $400 million with The Bank of New York Mellon Trust Company, N.A. maturing three years.
  - Principal: $400 million
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Maturity: three years
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm
- Debt Financings
  AVIS BUDGET GROUP, INC. incurred debt of $700 million with The Bank of New York Mellon Trust Company, N.A. maturing five years.
  - Principal: $700 million
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Maturity: five years
  - Event: incurrence
  source text: On the Closing Date, ABRCF also issued $700 million of asset-backed securities with a maturity of five years
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Value: $400 million
  - Effective: 2024-03-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Value: $700 million
  - Effective: 2024-03-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm

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