$CAR (AVIS BUDGET GROUP) — 8-K: Avis Budget receives $650 million settlement, to repay $350 million notes

Avis Budget Group was paid $650,000,000 in cash on October 5, 2026 to settle its short-swing profits lawsuit against Pentwater Capital Management. The amount will be recognized in fourth quarter financial statements. The company expects to use a portion to repay the remaining $350 million outstanding principal of its 5.750% Senior Notes due 2027 before year end.

Avis Budget Group was paid $650,000,000 in cash on October 5, 2026 to settle its short-swing profits lawsuit against Pentwater Capital Management. The amount will be recognized in fourth quarter finan