{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-001547","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2025-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.109805+00:00","generated_at":"2026-05-20T03:34:31.980673+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Avis Budget subsidiary issues $736.5M asset-backed notes in two series","bullets":["ABRCF issued $283.3M Series 2025-1 notes (Class A 4.80%, B 5.24%, C 5.87%, D 7.48%) plus $318.4M Class A, $47.6M B, $34.0M C, $53.26M D in Series 2025-2 (rates 5.12%-7.84%).","Series 2025-1 includes $15.6M 9.424% and Series 2025-2 $25.0M 9.795% subordinated Class R notes held by AESOP Leasing L.P. for risk retention.","Notes are secured by domestic fleet vehicles; Class D notes retained by ABRCF for possible future sale.","Maturities are three years (2025-1) and five years (2025-2); proceeds deposited into collection account as Principal Collections."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-001547","json":"https://secwatch.observer/filing/0000950142-25-001547.json","markdown":"https://secwatch.observer/filing/0000950142-25-001547.md","text":"https://secwatch.observer/filing/0000950142-25-001547.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014225001547/0000950142-25-001547-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014225001547/eh250634027_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T03:34:31.980673+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":"fa18dd2a1b5e02dd21ffd0ba615aefa6a1e6cc5f","claim":"AVIS BUDGET GROUP, INC. incurred debt of $736.5 million of asset-backed securities with The Bank of New York Mellon Trust Company, N.A. maturing three years and five years, respectively.","evidence_excerpt":"On May 28, 2025 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $736.5 million of asset-backed securities with a maturity of three years and five years, respectively","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014225001547/0000950142-25-001547-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$736.5 million of asset-backed securities"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Maturity","value":"three years and five years, respectively"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}