---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-001273"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T15:21:49.789305+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Avis Budget extends and upsizes asset-backed fleet financing by $640M; extends maturities

## Summary
- Series 2010-6 facility increased from $2.436B to $3.042B; Series 2015-3 from $164M to $198M.
- Both facilities are two-year; Class A expiry extended to April 2027, Class B to April 2026.
- New TD Bank group (Banner Trust) added as CP Conduit Purchaser under Series 2010-6.
- Amendments require $507M (Series 2010-6) and $33M (Series 2015-3) reductions on Nov 1, 2025.
- Amended Cooperation Agreement: broker non-votes no longer affect SRS excess share voting at 2025 annual meeting.

## SEC filing metadata
- accession: 0000950142-25-001273
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000095014225001273/0000950142-25-001273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000095014225001273/eh250623081_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-001273
- JSON: https://secwatch.observer/filing/0000950142-25-001273.json
- Plain text: https://secwatch.observer/filing/0000950142-25-001273.txt

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