secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001193125-23-282276
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000119312523282276/0001193125-23-282276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000119312523282276/d797894d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-282276

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