---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-282276"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2023-11-22T23:59:59+00:00"
generated_at: "2026-06-07T22:25:40.551380+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Avis Budget issues $500M of 8.000% Senior Notes due 2031

## Summary
- Issuers: Avis Budget Car Rental and Avis Budget Finance, Inc. (wholly-owned subsidiaries).
- Net proceeds to redeem all outstanding 4.500% Senior Notes due 2025, repay part of floating rate term loan C due 2029, pay fees, and general corporate purposes.
- Notes mature Feb 15, 2031; interest 8.000% payable semi-annually from May 15, 2024.
- Senior unsecured obligations guaranteed by Avis Budget Group and certain restricted subsidiaries.
- Redemption prior to Nov 15, 2026 at make-whole premium; change of control repurchase at 101%.

## SEC filing metadata
- accession: 0001193125-23-282276
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000119312523282276/0001193125-23-282276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000119312523282276/d797894d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-282276
- JSON: https://secwatch.observer/filing/0001193125-23-282276.json
- Plain text: https://secwatch.observer/filing/0001193125-23-282276.txt

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