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AI brief of an SEC Form 8-K · Avis Budget (CAR)

Avis Budget unit issues $650 million in asset-backed fleet financing notes

Neutral Impact 3 of 5 financing Written later

On June 9, 2026, Avis Budget Rental Car Funding (AESOP) LLC, a subsidiary, issued $650 million of asset-backed notes in two series, Series 2026-3 and Series 2026-4, with maturities of three and five years. The notes are secured by domestic fleet vehicles and related assets, which makes this a routine refinancing of the company's rental fleet, and the filing does not describe any change to its guidance or operations.

Key points

  • Total issuance of $650 million across Series 2026-3 and Series 2026-4, with a maturity of three years and five years, respectively
  • Series 2026-3 Class A notes carry a 4.82% coupon; Series 2026-4 Class A notes carry a 5.09% coupon
  • Notes are secured under the Base Indenture by domestic fleet vehicles and other related assets
  • Bank of New York Mellon Trust Company, N.A. serves as trustee and Series agent

The filing

CompanyAvis Budget (CAR)
Form8-K, current report
Filed with the SECJun 12, 2026, 4:05 PM ET
Accession number0000950142-26-001753

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 12, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.