---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-024344"
form_type: "8-K"
ticker: "CAR"
cik: "0000723612"
company_name: "AVIS BUDGET GROUP, INC."
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:37:25.860913+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Avis Budget Group enters $500M term loan A facility for fleet rotation and corporate uses

## Summary
- New $500M Tranche A Term Facility under Ninth Amendment to existing credit agreement on February 6, 2025.
- Proceeds to finance upcoming fleet rotation and for general corporate purposes.
- JPMorgan Chase acts as Administrative Agent; terms remain unchanged except for the new facility.
- Tranche A Term Loans are incremental and do not require other lenders' consent under Section 2.23.

## SEC filing metadata
- accession: 0001193125-25-024344
- form_type: 8-K
- ticker: CAR
- cik: 0000723612
- company_name: AVIS BUDGET GROUP, INC.
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723612/000119312525024344/0001193125-25-024344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723612/000119312525024344/d900527d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-024344
- JSON: https://secwatch.observer/filing/0001193125-25-024344.json
- Plain text: https://secwatch.observer/filing/0001193125-25-024344.txt

## Key facts
- Debt Financings
  AVIS BUDGET GROUP, INC. incurred credit facility of $500,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto.
  - Instrument: credit facility
  - Principal: $500,000,000
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto
  - Event: incurrence
  source text: entered into the Ninth Amendment (the “Ninth Amendment”) to the Sixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto (as amended, restated or otherwise modified prior to the Ninth Amendment, the “Sixth A&R Credit Agreement”), which established a new term loan A facility in an aggregate principal amount of $500,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/723612/000119312525024344/0001193125-25-024344-index.htm

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