secwatch.observer — SEC 8-K summary
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Issuer:     AVIS BUDGET GROUP, INC. (CAR)
CIK:        0000723612
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001193125-24-051236
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avis Budget issues €600M 7.00% notes due 2029 to redeem €350M 4.75% notes
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- Issued €600M aggregate principal of 7.00% Senior Notes due February 28, 2029.
- Proceeds to redeem all outstanding €350M of 4.750% Senior Notes due 2026 plus fees and expenses.
- Interest at 7.00% per annum, semi-annual payments beginning August 31, 2024.
- Notes are senior unsecured and guaranteed by Avis Budget Group and certain domestic subsidiaries.
- Issuer may redeem notes at any time prior to Feb 28, 2026 at make-whole premium; thereafter at stated prices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723612/000119312524051236/0001193125-24-051236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723612/000119312524051236/d763560d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-051236

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