CAR: Avis Budget Group Inc. filed SEC Form 8-K: Other Events
Subsidiaries will redeem all $350M of 5.750% Senior Notes due July 2027 at par on Dec 30, 2026, plus accrued interest.
What this filing says
Two Avis Budget subsidiaries sent notice on November 2, 2026 that they will redeem all $350,000,000 of their 5.750% Senior Notes due July 2027 on December 30, 2026. Holders will receive 100% of principal plus accrued and unpaid interest up to the redemption date, which means the debt is being paid off early. The filing itself is only the announcement and is not the formal redemption notice.
Key figures
- Principal amount redeemed
- $350,000,000
- Interest rate on notes
- 5.750%
- Redemption price
- 100% of principal
- Redemption Date
- December 30, 2026
- Original maturity
- July 2027
Positive for shareholders
- The company is repaying $350 million of debt ahead of its July 2027 maturity.
Negative for shareholders
- The filing does not say how the redemption will be funded.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Senior Notes:
- Unsecured debt that ranks ahead of subordinated debt if the issuer goes bankrupt, and usually carries a fixed interest rate.
- Redemption:
- The issuer repays the bonds before their maturity date, at a price set in the bond terms.
- Accrued and unpaid interest:
- Interest that has built up on the bonds since the last payment but has not yet been paid.
FAQ
How much debt is Avis Budget redeeming?
Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. are redeeming all $350,000,000 of their outstanding 5.750% Senior Notes due July 2027.
When will the Avis notes be redeemed?
The notes will be redeemed in full on December 30, 2026, at 100% of principal plus accrued interest to that date.
Historical context for CAR
Across the 10 sessions after earlier CAR headlines, the stock closed higher 7 times and lower 3 times, with a median move of 2.6% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | CAR | SPY |
|---|---|---|---|
| Oct 12, 2026 | Avis Budget Group to Announce Third Quarter 2026 Results on November 03, 2026 | -0.8% | -0.1% |
| Jul 21, 2026 | Joint Statement from Avis Budget Group and Pentwater Capital Management | +1.7% | +0.8% |
| Jul 14, 2026 | Avis Budget Group to Announce Second Quarter 2026 Results on July 28, 2026 | +2.5% | +0.4% |
| May 28, 2026 | Avis Budget Group Announces Pricing of $300 Million of Senior Notes | +5.9% | +0.6% |
| May 27, 2026 | Avis Budget Group Announces Intention to Offer $300 Million of Senior Notes | -0.9% | -0.0% |
| May 1, 2026 | Avis Budget downgraded by Jefferies with a new price target | +2.7% | +0.3% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Rental/Leasing Companies
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