AVIS BUDGET GROUP, INC. — Form 8-K
Filed July 1, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Avis Budget Group executed the Eleventh Amendment on June 29, 2026, refinancing existing revolving commitments ($1,950M original facility) with two new revolving facilities: a 2031 Revolving Facility (maturing June 29, 2031) and a 2028 Revolving Facility (maturing June 29, 2028, or earlier if >$300M term/senior notes remain 91 days before maturity). Commitments split across 16 lenders led by JPMorgan; specific facility sizes not disclosed in filing text. Existing revolving loans prepaid in full; amendment preserves existing term loans and security documentation.
Why this rating
Routine refinancing of revolving credit; standard extension of maturity dates. No material change to total debt or leverage. Administrative action.
View original filing on SEC.gov ↗
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