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

Avis Budget Group refinances $2 billion revolver and adds $200 million facility

Neutral Impact 3 of 5 financing Written later

On June 29, 2026, Avis Budget Group and subsidiaries Avis Budget Holdings, LLC and Avis Budget Car Rental, LLC entered an Eleventh Amendment to their Sixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent. The amendment replaces the existing $2 billion revolving facility with a new $2 billion facility and adds a new $200 million revolving facility, both with springing maturities tied to other debt and legal settlement proceeds. The filing does not state pricing, drawn balances or the prior maturity date.

Key points

  • New $2 billion revolving facility (2031 Revolving Facility) matures June 29, 2031, with a springing maturity 90 days before certain long-term debt maturities if that debt exceeds $300 million
  • New $200 million revolving facility (2028 Revolving Facility) matures June 29, 2028
  • Amendment closed June 29, 2026; the 8-K was filed July 1, 2026 with the agreement attached as Exhibit 10.1

The filing

CompanyAvis Budget (CAR)
Form8-K, current report
Filed with the SECJul 1, 2026, 4:30 PM ET
Accession number0000950142-26-001951

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 July 01, 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.