---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-26-002687"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2026-10-06T20:18:46+00:00"
generated_at: "2026-10-12T16:16:47.882980+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Avis Budget receives $650M Pentwater settlement; plans to repay $350M of 5.750% notes due 2027

## Summary
- Avis Budget was paid $650,000,000 in cash on October 5, 2026 by Pentwater Capital Management LP and affiliates, settling its Section 16(b) short-swing profits lawsuit.
- The Settlement and Release Agreement was entered into June 19, 2026; the court approved the payment, and it will be recognized in Avis Budget's fourth-quarter 2026 financial statements.
- Avis Budget expects to use a portion of the proceeds to repay the remaining $350 million outstanding principal of its 5.750% Senior Notes due 2027 before year end.
- The filing notes that nothing in it constitutes a notice of redemption with respect to the 5.750% Senior Notes due 2027.

## SEC filing metadata
- accession: 0000950142-26-002687
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2026-10-06T20:18:46+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000095014226002687/0000950142-26-002687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000095014226002687/eh260839574_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-26-002687
- JSON: https://secwatch.observer/filing/0000950142-26-002687.json
- Plain text: https://secwatch.observer/filing/0000950142-26-002687.txt

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