UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~ SECTION 13 orOR 15(d) OF ~~of The Securities Exchange Act of 1934~~ THE

~~Date~~SECURITIES ofEXCHANGE ~~Report~~ACT ~~(Date~~OF ~~of Earliest Event Reported): June 19, 2026~~1934

~~_________________~~Date of Report (Date of Earliest Event Reported): June 29, 2026

Avis Budget Group, Inc.

(Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in its ~~Charter~~charter)

Delaware	001-10308	~~001-10308~~	06-0918165	~~06-0918165~~
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification Number)
(State or Other jurisdiction of incorporation)	(Commission File Number)		(I.R.S. Employer Identification No.)

379 Interpace Parkway		07054
379 Interpace Parkway Parsippany, NJ	07054
Parsippany, NJ
(Address of Principal Executive Offices)	(Zip Code)
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s telephone number, including area code:~~ (973) 496-4700

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

~~_________________~~Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01			CAR			The NASDAQ Global Select Market

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Common Stock, par value $0.01		CAR		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8 1.01. ~~Other~~Entry ~~Events.~~into a Material Definitive Agreement.

On June 1929, 2026 (the “Closing Date”), Avis Budget Group, Inc. (the “Company”) ~~entered~~and ~~into~~its asubsidiaries, ~~Settlement~~Avis Budget Holdings, LLC and ~~Release~~Avis ~~Agreement~~Budget Car Rental, LLC, as the Borrower (collectively, the “~~Settlement~~Avis ~~Agreement~~Parties”), entered into the Eleventh Amendment (the “Eleventh Amendment”) to the Sixth Amended and Restated Credit Agreement with ~~Pentwater~~JPMorgan ~~Capital~~Chase ~~Management~~Bank, LPN.A., as Administrative Agent and ~~certain~~the ~~affiliated~~other ~~persons~~lenders party thereto (as amended, restated or otherwise modified prior to the Eleventh Amendment, the “~~Pentwater~~Sixth A&R Credit Agreement”), toand ~~settle~~the ~~its~~Sixth ~~pending~~A&R ~~lawsuit~~Credit ~~against~~Agreement ~~Pentwater~~as ~~for~~amended by the ~~recovery~~Eleventh ofAmendment, ~~short-swing~~the ~~profits~~“Amended ~~under~~Sixth ~~Section~~A&R Credit ~~16(b~~Agreement”). ofOn the ~~Securities~~Closing ~~Exchange~~Date, ~~Act~~pursuant ofto ~~1934~~the (Eleventh Amendment, the ~~“Section~~Borrower 16(bi) ~~Action~~refinanced the existing $2 billion revolving loan facility under the Sixth A&R Credit Agreement with a new $2 billion revolving loan facility (the “2031 Revolving Facility”)., ~~Under~~which will mature on June 29, 2031 (subject to a springing maturity of 90 days prior to the maturity ~~Settlement~~date ~~Agreement~~of certain long-term indebtedness of the Borrower and its subsidiaries if, on such date, the ~~settlement~~aggregate principal amount isof such indebtedness exceeds $~~650,000,000~~300 inmillion) ~~cash~~and (ii) established a new $200 million revolving loan facility (the “~~Settlement~~2028 Revolving ~~Amount~~Facility”)., ~~The~~which ~~Settlement~~will ~~Agreement~~mature ~~and~~on ~~payment~~June 29, 2028 (subject to ~~the~~a ~~Company~~springing ofmaturity (x) on the ~~Settlement~~date ~~Amount~~that is ~~subject~~91 days prior to ~~court~~the ~~approval,~~maturity ~~including~~date ~~the~~of ~~issuance~~certain long-term indebtedness of anthe ~~order~~Borrower ~~approving~~and its subsidiaries if, on such date, the ~~terms~~aggregate principal amount of ~~the~~such ~~settlement~~indebtedness ~~agreement~~exceeds $300 million and ~~making~~(y) aon ~~finding~~the date that, ~~among~~is ~~other~~10 ~~things,~~business ~~the~~days ~~Company~~after ~~has~~any ~~diligently~~Group ~~pursued~~Member (as defined in the ~~claims~~Amended ~~raised~~Sixth A&R Credit Agreement) receives cash proceeds from any legal settlement in ~~the~~excess ~~Section~~of ~~16(b~~$500 million). The ~~Action~~foregoing ~~and~~summary ~~that~~of the ~~Settlement~~Eleventh ~~Amount~~Amendment is ~~fair,~~qualified ~~reasonable~~by ~~and~~reference ~~adequate~~to the terms of the Eleventh Amendment, ~~and~~which ~~other~~is ~~customary~~attached hereto ~~conditions~~as Exhibit 10.1 and is incorporated by reference herein.

~~Forward~~Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-~~Looking~~Balance ~~Statements~~Sheet Arrangement of a Registrant.

~~Statements~~The ~~regarding~~information ~~the~~described ~~Section~~above ~~16(b)~~under ~~Action~~Item and payment of the Settlement Amount are “forward looking statements” and are subject to known and unknown risks and uncertainties that may cause results to differ materially from those expressed or implied by such forward-looking statements1.01 ~~These risks and uncertainties include, but are not limited to, risks related to obtaining court approval~~ of ~~the~~this ~~Settlement~~report ~~Agreement~~is ~~and~~incorporated into ~~Settlement~~this ~~Amount,~~Item including the risk that the court declines to approve the Settlement Agreement on substantive, procedural or other grounds or that the court does not issue an order approving the terms of the Settlement Agreement, timing related to such approval, and any potential termination of the Settlement Agreement2.03 ~~The~~by ~~Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances~~reference.

Item 9.01

Financial Statements and Exhibits.

The following exhibits are filed as part of this report:

Exhibit No.		Description

10.1		Eleventh Amendment, dated as of June 29, 2026, to the Sixth Amended and Restated Credit Agreement, dated as of July 9, 2021, among Avis Budget Holdings, LLC, Avis Budget Car Rental, LLC, as borrower, Avis Budget Group, Inc., the subsidiary borrowers from time to time party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the other parties thereto.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned ~~hereunto~~hereto duly authorized.

AVIS BUDGET GROUP, INC. By: /s/ Jean M. Sera Name: Jean M. ~~SeraSenior~~Sera Title: Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary

Date: ~~June~~July 221, 2026

Filing Compare · AVIS BUDGET GROUP, INC.