---
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"
generated_at: "2026-06-12T20:11:22.386117+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Avis Budget subsidiary issues $650M ABS in two series; Class R risk-retention notes also sold

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-26-001753
- JSON: https://secwatch.observer/filing/0000950142-26-001753.json
- Plain text: https://secwatch.observer/filing/0000950142-26-001753.txt

## Key facts
- Debt Financings
  AVIS BUDGET GROUP, INC. incurred debt of $650 million maturing three years and five years, respectively.
  - Principal: $650 million
  - Maturity: three years and five years, respectively
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-4 Agent
  - Effective: 2026-06-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent
  - Effective: 2026-06-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm

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