{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-26-001753","form_type":"8-K","ticker":"CAR","cik":"0000723612","company_name":"AVIS BUDGET GROUP, INC.","filed_at":"2026-06-12T20:05:27+00:00","discovered_at":"2026-06-12T20:07:00.305987+00:00","generated_at":"2026-06-12T20:11:22.386117+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 subsidiary issues $650M ABS in two series; Class R risk-retention notes also sold","bullets":["Series 2026-3: $182.5M 4.82% Class A, $23.75M 5.21% Class B, $16.25M 5.50% Class C, $27.5M 6.96% Class D, plus $13.75M 8.429% Class R.","Series 2026-4: $292M 5.09% Class A, $38M 5.48% Class B, $26M 5.87% Class C, $44M 7.67% Class D, plus $22M 9.134% Class R.","Notes secured by vehicles in domestic fleet; Class R held by AESOP Leasing L.P. to comply with U.S. risk retention rules.","Series 2026-3 and Series 2026-4 have three- and five-year maturities, respectively; proceeds deposited in Collection Account.","Issuance date June 9, 2026; underwritten by affiliates who will receive customary fees."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-26-001753","json":"https://secwatch.observer/filing/0000950142-26-001753.json","markdown":"https://secwatch.observer/filing/0000950142-26-001753.md","text":"https://secwatch.observer/filing/0000950142-26-001753.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/eh260791788_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T20:11:22.386117+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":"4f95d1c57b006ff73782929760b0c402cef791ee","claim":"AVIS BUDGET GROUP, INC. incurred debt of $650 million maturing three years and five years, respectively.","evidence_excerpt":"On June 9, 2026 (the “Closing Date”), our Avis Budget Rental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $650 million of asset-backed securities with a maturity of three years and five years, respectively","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$650 million"},{"label":"Maturity","value":"three years and five years, respectively"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d09be55c9eacc931b53d4e63403ea9e8bb136d1a","claim":"AVIS BUDGET GROUP, INC. entered into Series 2026-4 Supplement with The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-4 Agent (effective 2026-06-09).","evidence_excerpt":"the Series 2026-4 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-4 Agent (the “Series 2026-4 Supplement”), to the Base Indenture","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-4 Agent"},{"label":"Effective","value":"2026-06-09"}],"fact_type":"material_agreement"},{"claim_id":"d33009ee8c8d804f1fa4ead980ca3a9cec07955a","claim":"AVIS BUDGET GROUP, INC. entered into Series 2026-3 Supplement with The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent (effective 2026-06-09).","evidence_excerpt":"The notes were issued under the Series 2026-3 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent (the “Series 2026-3 Supplement”), to the Second Amended and Restated Base Indenture, dated as of June 3, 2004 (as amended, the “Base Indenture”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent"},{"label":"Effective","value":"2026-06-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}