secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0000950142-25-001547
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget subsidiary issues $736.5M asset-backed notes in two series
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014225001547/0000950142-25-001547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014225001547/eh250634027_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001547

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