UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): September
29, 2006 (September 28, 2006)
_________________
Avis
Budget Group, Inc.
(Exact
Name of Registrant as Specified in its Charter)
_________________
|
Delaware
|
1-10308
|
06-0918165
|
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
|
6
Sylvan Way
Parsippany,
NJ
|
07054
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(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:
[
] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[
] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
7.01. Regulation FD Disclosure
In
accordance with the Indenture, dated as of January 13, 2003, by and between
Cendant Corporation (now known as Avis Budget Group, Inc.) (the "Company")
and
The Bank of Nova Scotia Trust Company of New York, as Trustee (the "Trustee"),
as supplemented by the First Supplemental Indenture, dated June 27, 2006 (as
supplemented, the "Indenture"), the Company redeemed on September 28, 2006
all
of its outstanding 6.250% Senior Notes due 2008 (the "2008 Notes"), 6.250%
Senior Notes due 2010 (the "2010 Notes"), 7.375% Senior Notes due 2013 (the
"2013 Notes") and 7.125% Senior Notes due 2015 (the "2015 Notes" and, together
with the 2008 Notes, the 2010 Notes and the 2013 Notes, the "Notes") for cash
in
the aggregate amount of $67,076,130.81, which included any accrued and unpaid
interest on the Notes. Because the Company paid all sums payable under the
Indenture in connection with its redemption of the Notes, the Indenture ceased,
by its terms, to be of any further effect on September 28, 2006.
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.
|
|
|
| |
By:
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/s/David
B. Wyshner
|
|
|
| |
|
David
B. Wyshner
Executive
Vice President, Chief Financial Officer and Treasurer
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|
|
Date:
September 29, 2006