---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-26-000719"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:47:17.339325+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Avis Budget subsidiary issues $668.2M in asset-backed securities across two series

## Summary
- ABRCF issued Series 2026-1 and 2026-2 notes totaling $668.2M, secured by domestic fleet vehicles.
- Notes include Class A ($280.4M at 4.28%), Class B ($34.6M at 4.57%), Class C ($23.1M at 4.96%), and Class D ($46.1M at 6.53%).
- Series 2026-2 includes Class A ($207.4M at 4.60%), Class B, C, D, and subordinated Class R tranches with maturities of 3 and 5 years.
- Class R notes ($20.6M at 8.0%) issued to comply with U.S. risk retention rules, held by AESOP Leasing L.P.

## SEC filing metadata
- accession: 0000950142-26-000719
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000095014226000719/0000950142-26-000719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000095014226000719/eh260747683_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-26-000719
- JSON: https://secwatch.observer/filing/0000950142-26-000719.json
- Plain text: https://secwatch.observer/filing/0000950142-26-000719.txt

## Key facts
- Material Agreements
  AVIS BUDGET GROUP, INC. entered into Series 2026-1 Supplement with The Bank of New York Mellon Trust Company, N.A. (effective 2026-03-11).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Effective: 2026-03-11
  source text: the Series 2026-1 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-1 Agent (the “Series 2026-1 Supplement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014226000719/0000950142-26-000719-index.htm
- Material Agreements
  AVIS BUDGET GROUP, INC. entered into Series 2026-2 Supplement with The Bank of New York Mellon Trust Company, N.A. (effective 2026-03-11).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Effective: 2026-03-11
  source text: the Series 2026-2 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-2 Agent (the “Series 2026-2 Supplement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000095014226000719/0000950142-26-000719-index.htm

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