{"url_path":"/sec/car/8-k/2026-06-12/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-12","source_url":"https://www.sec.gov/Archives/edgar/data/723612/0000950142-26-001753-index.html","accession_number":"0000950142-26-001753","cik":"0000723612","ticker":"CAR","issuer_name":"AVIS BUDGET GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/723612/0000950142-26-001753-index.html","primary_entity_key":"0000723612","primary_entity_name":"AVIS BUDGET GROUP, INC."},"word_count":436,"has_tables":true,"body_markdown":"**Item 1.01**\n**Entry into a Material Definitive Agreement.**\n\n \n\nOn June 9, 2026 (the “Closing Date”), our Avis Budget\nRental Car Funding (AESOP) LLC subsidiary (“ABRCF”) issued $650 million of asset-backed securities with a maturity of three\nyears and five years, respectively, comprised of $182.50 million aggregate principal amount of Series 2026-3 4.82%, Class A notes, $23.75\nmillion aggregate principal amount of Series 2026-3 5.21%, Class B notes, $16.25 million aggregate principal amount of Series 2026-3 5.50%,\nClass C notes and $27.50 million aggregate principal amount of Series 2026-3 6.96%, Class D notes, as well as $292 million aggregate principal\namount of Series 2026-4 5.09%, Class A notes, $38 million aggregate principal amount of Series 2026-4 5.48%, Class B notes, $26 million\naggregate principal amount of Series 2026-4 5.87%, Class C notes and $44 million aggregate principal amount of Series 2026-4 7.67%, Class\nD notes. ABRCF also issued $13.75 million aggregate principal amount of Series 2026-3 8.429%, Class R notes and $22 million aggregate\nprincipal amount of Series 2026-4 9.134%, Class R notes, each of which are subordinated to the Class A notes, the Class B notes, the Class\nC notes and the Class D notes of the respective Series, and which were issued to comply with applicable U.S. risk retention rules. The\nClass R notes are held by our AESOP Leasing L.P. subsidiary. The notes were issued under the Series 2026-3 Supplement, dated as of the\nClosing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as trustee and Series 2026-3 Agent (the “Series\n2026-3 Supplement”), to the Second Amended and Restated Base Indenture, dated as of June 3, 2004 (as amended, the “Base Indenture”)\nand the Series 2026-4 Supplement, dated as of the Closing Date, between ABRCF and The Bank of New York Mellon Trust Company, N.A., as\ntrustee and Series 2026-4 Agent (the “Series 2026-4 Supplement”), to the Base Indenture, respectively.\n\nThe notes are secured under the Base Indenture by vehicles in our\ndomestic fleet and other related assets. The foregoing summary of the notes is qualified in its entirety by reference to the full text\nof the Series 2026-3 Supplement, a copy of which is attached hereto as Exhibit 10.1, and the Series 2026-4 Supplement, a copy of which\nis attached hereto as Exhibit 10.2, each of which is incorporated by reference herein.\n\nCertain purchasers of the notes, the trustee and their respective\naffiliates have performed, and may in the future perform, various commercial banking, investment banking and other financial advisory\nservices for us and our subsidiaries for which they have received, and will receive, customary fees and expenses."}