{"url_path":"/sec/car/8-k/2026-07-01/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/723612/0000950142-26-001951-index.html","accession_number":"0000950142-26-001951","cik":"0000723612","ticker":"CAR","issuer_name":"AVIS BUDGET GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/723612/0000950142-26-001951-index.html","primary_entity_key":"0000723612","primary_entity_name":"AVIS BUDGET GROUP, INC."},"word_count":316,"has_tables":true,"body_markdown":"**Item 1.01**\n**Entry into a Material Definitive Agreement.**\n\n \n\nOn June 29, 2026 (the “Closing Date”), Avis Budget Group,\nInc. (the “Company”) and its subsidiaries, Avis Budget Holdings, LLC and Avis Budget Car Rental, LLC, as the Borrower\n(collectively, the “Avis Parties”), entered into the Eleventh Amendment (the “Eleventh Amendment”) to the\nSixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party\nthereto (as amended, restated or otherwise modified prior to the Eleventh Amendment, the “Sixth A&R Credit\nAgreement”, and the Sixth A&R Credit Agreement as amended by the Eleventh Amendment, the “Amended Sixth A&R\nCredit Agreement”). On the Closing Date, pursuant to the Eleventh Amendment, the Borrower (i) refinanced the existing\n$2 billion revolving loan facility under the Sixth A&R Credit Agreement with a new $2 billion revolving loan facility (the\n“2031 Revolving Facility”), which will mature on June 29, 2031 (subject to a springing maturity of 90 days prior to the\nmaturity date of certain long-term indebtedness of the Borrower and its subsidiaries if, on such date, the aggregate principal\namount of such indebtedness exceeds $300 million) and (ii) established a new $200 million revolving loan facility (the “2028\nRevolving Facility”), which will mature on June 29, 2028 (subject to a springing maturity (x) on the date that is 91 days\nprior to the maturity date of certain long-term indebtedness of the Borrower and its subsidiaries if, on such date, the aggregate\nprincipal amount of such indebtedness exceeds $300 million and (y) on the date that is 10 business days after any Group Member (as\ndefined in the Amended Sixth A&R Credit Agreement) receives cash proceeds from any legal settlement in excess of $500 million).\nThe foregoing summary of the Eleventh Amendment is qualified by reference to the terms of the Eleventh Amendment, which is attached\nhereto as Exhibit 10.1 and is incorporated by reference herein."}