secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0000950142-25-002473
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget issues $793.2M in asset-backed notes across two series with 3- and 5-year maturities
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- Series 2025-3: $199M Class A at 4.17%, $29.75M Class B at 4.46%, $21.25M Class C at 4.95%, $33.29M Class D at 6.42%, $15.6M Class R at 8.373%.
- Series 2025-4: $358.2M Class A at 4.40%, $53.55M Class B at 4.77%, $38.25M Class C at 5.26%, $59.92M Class D at 6.72%, $28.1M Class R at 8.685%.
- Class D notes retained by issuer; Class R notes held by AESOP Leasing to satisfy risk-retention rules.
- Notes secured by domestic fleet vehicles and related assets; proceeds used for fleet financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014225002473/0000950142-25-002473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014225002473/eh250678706_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-002473

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer