{"filing":{"accession_number":"0000950142-26-001753","cik":"0000723612","ticker":"CAR","company_name":"AVIS BUDGET GROUP, INC.","form":"8-K","filing_date":"2026-06-12","report_date":null,"primary_document":"eh260791788_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/723612/000095014226001753/eh260791788_8k.htm"},"events":[{"id":10752,"run_id":9433,"accession_number":"0000950142-26-001753","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"summary":"Avis Budget issued $650 million in asset-backed securities through its ABRCF subsidiary on June 9, 2026, comprising multiple series and classes of notes secured by domestic fleet vehicles. This material capital structure transaction involved entry into definitive agreements (Series 2026-3 and 2026-4 Supplements to the Base Indenture) that affect the company's financial position and leverage.","company_name":"AVIS BUDGET GROUP, INC.","ticker":"CAR","filing_date":"2026-06-12","form":"8-K","submitted_at":null,"items":[{"id":7145,"accession_number":"0000950142-26-001753","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Avis Budget issued $650 million in asset-backed securities through its ABRCF subsidiary on June 9, 2026, comprising multiple series and classes of notes secured by domestic fleet vehicles. While this is a financing transaction rather than a traditional M\u0026A activity, it represents a material capital structure event involving entry into definitive agreements (the Series 2026-3 and 2026-4 Supplements to the Base Indenture) that would affect investor assessment of the company's financial position and leverage. The magnitude ($650M) and secured nature of the issuance make it material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T02:15:43.848437+00:00","company_name":"","ticker":null,"filing_date":""},{"id":7146,"accession_number":"0000950142-26-001753","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 incorporates Item 1.01 by reference, indicating a material acquisition, disposition, merger, or change of control transaction. Item 1.01 is the standard disclosure vehicle for M\u0026A activity. Without access to the full Item 1.01 text, the cross-reference structure strongly suggests an M\u0026A event that creates direct financial obligations for the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T02:15:43.848437+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":7145,"accession_number":"0000950142-26-001753","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Avis Budget issued $650 million in asset-backed securities through its ABRCF subsidiary on June 9, 2026, comprising multiple series and classes of notes secured by domestic fleet vehicles. While this is a financing transaction rather than a traditional M\u0026A activity, it represents a material capital structure event involving entry into definitive agreements (the Series 2026-3 and 2026-4 Supplements to the Base Indenture) that would affect investor assessment of the company's financial position and leverage. The magnitude ($650M) and secured nature of the issuance make it material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T02:15:43.848437+00:00","company_name":"AVIS BUDGET GROUP, INC.","ticker":"CAR","filing_date":"2026-06-12"},{"id":7146,"accession_number":"0000950142-26-001753","item_number":"2.03","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Item 2.03 incorporates Item 1.01 by reference, indicating a material acquisition, disposition, merger, or change of control transaction. Item 1.01 is the standard disclosure vehicle for M\u0026A activity. Without access to the full Item 1.01 text, the cross-reference structure strongly suggests an M\u0026A event that creates direct financial obligations for the registrant.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-13T02:15:43.848437+00:00","company_name":"AVIS BUDGET GROUP, INC.","ticker":"CAR","filing_date":"2026-06-12"}]}