secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2026-06-12T20:05:27+00:00
Accession:  0000950142-26-001753
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/0000950142-26-001753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/eh260791788_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-001753

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