Avis Budget Group, Inc. filed a Form 8-K on November 2, 2026, disclosing that two of its wholly-owned subsidiaries delivered a notice to redeem all $350,000,000 of their 5.750% Senior Notes due July 2027, with the full redemption scheduled for December 30, 2026.

Key Highlights

  • Full redemption notice issued: Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. delivered a redemption notice on November 2, 2026, for all outstanding 5.750% Senior Notes due July 2027.
  • Principal amount: The aggregate principal amount subject to redemption is $350,000,000.
  • Redemption date: The Notes will be redeemed in full on December 30, 2026.
  • Redemption price: The redemption price equals 100% of the principal amount, plus accrued and unpaid interest, if any, to but excluding the Redemption Date.
  • Issuing subsidiaries: The Notes were issued by Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., each described in the filing as a wholly-owned subsidiary of Avis Budget Group, Inc.

Avis Budget Subsidiaries Announce Full Retirement of 5.750% Senior Notes

According to the filing, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., both wholly-owned subsidiaries of Avis Budget Group, Inc. (NASDAQ:CAR), delivered a redemption notice on November 2, 2026, covering the entire $350,000,000 aggregate principal amount outstanding of their 5.750% Senior Notes due July 2027. The company disclosed that the Notes will be redeemed in full on December 30, 2026, the designated Redemption Date.

The filing states that the redemption price will be equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date. No other financial terms or conditions were disclosed beyond those stated in the notice.

The filing explicitly notes that "this Current Report on Form 8-K does not constitute a notice of redemption for the Notes." The report was signed by Jean M. Sera, Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary of Avis Budget Group, Inc., on November 2, 2026.

What Was Disclosed

Avis Budget Group disclosed through an 8-K that two of its subsidiaries have issued a notice to redeem all $350,000,000 of their 5.750% Senior Notes due July 2027, with the redemption set at par plus accrued interest on December 30, 2026.