Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - AVIS BUDGET GROUP, INC. | ex99_1.htm |
| EX-10.1 - EXHIBIT 10.1 - AVIS BUDGET GROUP, INC. | ex10_1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
report (Date of earliest event reported): October
30, 2009 (October 29, 2009)
Avis
Budget Group, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
1-10308
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06-0918165
|
||
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(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
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(IRS
Employer Identification Number)
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6
Sylvan Way
Parsippany,
NJ
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07054
|
|
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(Address
of Principal Executive Offices)
|
(Zip
Code)
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(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. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01
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Entry
into a Material Definitive
Agreement.
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On
October 29, 2009, our Avis Budget Rental Car Funding (AESOP) LLC subsidiary
completed the annual renewal of our asset-backed conduit financing, which
provides a portion of the financing for our car rental fleet in the United
States. This financing was previously comprised of two facilities,
known as the Series 2002-2 Notes and the Series 2008-1 Notes, with an aggregate
maximum available amount of $1.35 billion and $1.1 billion,
respectively. At our request, the Series 2002-2 facility was combined
into the Series 2008-1 facility, with a maximum available amount of $1.95
billion and an expiration date of October 28, 2010.
The
foregoing summary of the Series 2008-1 Notes is qualified in its entirety by
reference to the full text of the Amended and Restated Series 2008-1 Supplement,
dated as of October 29, 2009, a copy of which is attached hereto as Exhibit
10.1 and is incorporated by reference herein.
Certain
of the conduit purchasers of the Series 2008-1 Notes, the trustee, and their
respective affiliates, have performed and may in the future perform, various
commercial banking, investment banking and other financial advisory services for
us and our subsidiaries for which they have received, and will receive,
customary fees and expenses.
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Item
7.01
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Regulation
FD Disclosure
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A copy of
the press release announcing the completion of the renewal of the asset-backed
conduit financing is attached hereto as Exhibit 99.1, and is incorporated by
reference herein.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits.
The
following exhibits are included as part of this report:
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Exhibit
No.
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Description
|
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10.1
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Amended
and Restated Series 2008-1 Supplement, dated as of October 29,
2009
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99.1
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Press
Release Dated October 29, 2009
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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
duly authorized.
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AVIS
BUDGET GROUP, INC.
/s/
Jean M. Sera
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|||
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By:
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Jean
M. Sera
Senior
Vice President and Secretary
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Date: October
30, 2009
EXHIBIT
INDEX
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Exhibit
No.
|
Description
|
|
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Amended
and Restated Series 2008-1 Supplement, dated as of October 29,
2009
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Press
Release Dated October 29, 2009
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