Common Stock, par value $0.01
- Symbol
- CAR
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 8.01 · 8-K
Avis Budget Group, Inc.
CARNASDAQEQUITYCurrent
Other Events
Item 8.01. Other Events. On October 5, 2026, Avis Budget Group, Inc. (the “Company”) was paid a settlement amount of $650,000,000 in cash (the “Settlement Amount”), pursuant to the previously reported Settlement and Release Agreement entered into on June 19, 2026 with Pentwater Capital Management LP and certain affiliated persons (“Pentwater”), to settle the Company’s lawsuit against Pentwater for…
Recent company filings
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementSep 24, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsSep 1, 2026
- 4 filingAug 11, 2026
- 144 filingAug 7, 2026
- 10-Q filingJul 29, 2026
Registered securities in this filing
Avis Budget Group, Inc. · 8-K · Filed 2026-10-06
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item
8.01. Other Events.
On
October 5, 2026, Avis Budget Group, Inc. (the “Company”) was paid a settlement amount of $650,000,000 in cash (the “Settlement
Amount”), pursuant to the previously reported Settlement and Release Agreement entered into on June 19, 2026 with Pentwater Capital
Management LP and certain affiliated persons (“Pentwater”), to settle the Company’s lawsuit against Pentwater for the
recovery of short-swing profits under Section 16(b) of the Securities Exchange Act of 1934. The payment of the Settlement Amount was
approved by the court and will be recognized in the Company’s fourth quarter financial statements.
The
Company expects to use a portion of the Settlement Amount to repay the remaining $350 million outstanding principal amount of its 5.750%
Senior Notes due 2027 prior to year end.