Avis Budget Group, Inc.

Item 1.01 Entry into a Material Definitive Agreement. On June 29, 2026 (the “Closing Date”), Avis Budget Group, Inc. (the “Company”) and its subsidiaries, Avis Budget Holdings, LLC and Avis Budget Car Rental, LLC, as the Borrower (collectively, the “Avis Parties”), entered into the Eleventh Amendment (the “Eleventh Amendment”) to the Sixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and the other lenders party thereto (as amended, restated or otherwise modified prior to the Eleventh Amendment, the “Sixth A&R Credit Agreement”, and the Sixth A&R Credit Agreement as amended by the Eleventh Amendment, the “Amended Sixth A&R Credit Agreement”). On the Closing Date, pursuant to the Eleventh Amendment, the Borrower (i) 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”), which will mature on June 29, 2031 (subject to a springing maturity of 90 days prior to the maturity date of certain long-term indebtedness of the Borrower and its subsidiaries if, on such date, the aggregate principal amount of such indebtedness exceeds $300 million) and (ii) established a new $200 million revolving loan facility (the “2028 Revolving Facility”), which will mature on June 29, 2028 (subject to a springing maturity (x) on the date that is 91 days prior to the maturity date of certain long-term indebtedness of the Borrower and its subsidiaries if, on such date, the aggregate principal amount of such indebtedness exceeds $300 million and (y) on the date that is 10 business days after any Group Member (as defined in the Amended Sixth A&R Credit Agreement) receives cash proceeds from any legal settlement in excess of $500 million). The foregoing summary of the Eleventh Amendment is qualified by reference to the terms of the Eleventh Amendment, which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information described above under Item 1.01 of this report is incorporated into this Item 2.03 by reference.