secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0000950142-24-000731
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/0000950142-24-000731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014224000731/eh240458417_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-000731

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