Avis Budget Group, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. The company generated revenues of $3.0 billion, net income of $63 million, and Adjusted EBITDA of $286 million. Total company vehicle utilization reached 72.6%, a record high for the quarter, while per-unit fleet costs decreased 4% year-over-year to $290 per month. During the quarter, the company issued $300 million in add-on unsecured Senior Notes due 2031 to repay a portion of notes due 2027, refinanced its $2 billion senior revolving credit facility with a maturity in June 2031, and established a new $200 million senior revolving credit facility maturing in June 2028. Liquidity stood at approximately $1.0 billion with $1.9 billion of additional fleet funding capacity. Avis Budget Group operates in the car rental and mobility solutions industry.

Avis Budget Group, Inc. entered into an Eleventh Amendment to its Sixth Amended and Restated Credit Agreement on June 29, 2026, to refinance a $2 billion revolving loan facility with a new $2 billion revolving facility maturing in 2031, and to establish a new $200 million revolving loan facility maturing in 2028. Avis Budget Group, Inc. operates in the vehicle rental industry and provides car rental services.

Avis Budget Group, Inc. entered into a Settlement and Release Agreement with Pentwater Capital Management LP and affiliated persons to settle a Section 16(b) short-swing profit recovery lawsuit. The settlement amount is $650,000,000 in cash, which is subject to court approval. Avis Budget Group, Inc. operates in the vehicle rental industry and provides car rental services.

On June 9, 2026, Avis Budget Rental Car Funding (AESOP) LLC issued $650 million of asset-backed securities with maturities of three and five years. The issuance consists of Series 2026-3 and Series 2026-4 notes across Class A, B, C, and D tranches, with coupons ranging from 4.82% to 7.67%. Additionally, the company issued $13.75 million of Series 2026-3 Class R notes (8.429%) and $22 million of Series 2026-4 Class R notes (9.134%) to satisfy U.S. risk retention rules. The notes are secured by domestic fleet vehicles and related assets. The company operates in the transportation industry and provides vehicle rental services.