{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-001969","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2025-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.233466+00:00","generated_at":"2026-05-18T05:24:43.330515+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Avis Budget refinances $1.149B term loans with repriced facility due 2032","bullets":["New Tranche B Term Loans of $1,148,864,850 to repay existing tranche B term loans outstanding.","New loans mature July 16, 2032; interest at SOFR + 2.50% or base rate + 1.50% per annum.","1.00% premium applies on any prepayment due to repricing within 6 months of closing.","JPMorgan Chase Bank, N.A. acts as Administrative Agent; several banks as joint lead arrangers."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-001969","json":"https://secwatch.observer/filing/0000950142-25-001969.json","markdown":"https://secwatch.observer/filing/0000950142-25-001969.md","text":"https://secwatch.observer/filing/0000950142-25-001969.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014225001969/0000950142-25-001969-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014225001969/eh250655388_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:24:43.330515+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":"cec9f1390760e66c69332d9ef0e97464cb4f0111","claim":"AVIS BUDGET GROUP, INC. amended credit facility of $1,148,846,850 with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto at secure overnight financing rate plus a margin of 2.50% per annum or an alternate maturing July 16, 2032.","evidence_excerpt":"Agreement”). On the Closing Date, pursuant to the Tenth Amendment, the Borrower refinanced the existing tranche B term loans under the Sixth A&R Credit Agreement (of which $1,148,846,850 was outstanding immediately prior to the Closing Date) with repriced $1,148,846,850 tranche B term loans (the “New Tranche B Term Loans”). The New Tranche B Term Loans will mature","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014225001969/0000950142-25-001969-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1,148,846,850"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto"},{"label":"Rate","value":"secure overnight financing rate plus a margin of 2.50% per annum or an alternate"},{"label":"Maturity","value":"July 16, 2032"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}