• Avis Budget Group received a USD 650 million cash settlement on Oct. 5, 2026, resolving its Section 16(b) short-swing profits lawsuit.
• The settlement stems from a June 19, 2026 agreement with Pentwater Capital Management and affiliates, now cleared by the court.
• Fourth-quarter results will record the settlement proceeds.
• Part of the cash is slated to repay USD 350 million of outstanding 5.750% Senior Notes due 2027 before year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-26-002687), on October 06, 2026, and is solely responsible for the information contained therein.