secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2026-03-13T23:59:59+00:00
Accession:  0000950142-26-000719
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 subsidiary issues $668.2M in asset-backed securities across two series
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014226000719/0000950142-26-000719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014226000719/eh260747683_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-000719

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