secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2026-09-24T20:16:06+00:00
Accession:  0000950142-26-002582
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget issues $650M in Series 2026-5 asset-backed notes
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- Avis Budget's ABRCF subsidiary issued $650M in Series 2026-5 ABS notes on Sept 21, 2026, 5-year maturity.
- Class A $474.5M at 5.69%; Class B $61.75M at 5.95%; Class C $47.125M at 6.44%.
- Class D $66.625M at 8.14%; Class R $35.75M at 9.598%, held by AESOP Leasing L.P. for U.S. risk retention.
- Notes secured by domestic fleet vehicles; proceeds deposited as Principal Collections.
- Issued under Series 2026-5 Supplement to 2004 Base Indenture; related fleet financing docs amended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000095014226002582/0000950142-26-002582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000095014226002582/eh260832444_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-002582

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