---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-24-001663"
form_type: "8-K"
ticker: null
cik: "0001131131"
company_name: "TOYOTA AUTO FINANCE RECEIVABLES LLC"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:03:53.106807+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Toyota Auto Receivables 2024-B Trust issues $1.75B asset-backed notes

## Summary
- Issued six classes of notes totaling $1.75B: A-1 $375M, A-2a $262.1M, A-2b $357.9M, A-3 $620M, A-4 $91.26M, Class B $43.74M.
- Notes backed by motor vehicle retail installment contracts originated by Toyota Motor Credit Corporation (TMCC).
- TMCC acts as servicer; U.S. Bank National Association as indenture trustee; closing date April 30, 2024.

## SEC filing metadata
- accession: 0000929638-24-001663
- form_type: 8-K
- cik: 0001131131
- company_name: TOYOTA AUTO FINANCE RECEIVABLES LLC
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1131131/000092963824001663/0000929638-24-001663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1131131/000092963824001663/taot2024-b_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-24-001663
- JSON: https://secwatch.observer/filing/0000929638-24-001663.json
- Plain text: https://secwatch.observer/filing/0000929638-24-001663.txt

## Key facts
- Material Agreements
  TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Receivables Purchase Agreement with Toyota Motor Credit Corporation valued at $1,750,000,000 aggregate principal amount of notes (effective 2024-04-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Toyota Motor Credit Corporation
  - Value: $1,750,000,000 aggregate principal amount of notes
  - Effective: 2024-04-30
  source text: a Receivables Purchase Agreement (the “Receivables Purchase Agreement”) between Toyota Motor Credit Corporation (“TMCC”), as seller, and TAFR LLC, as purchaser, pursuant to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963824001663/0000929638-24-001663-index.htm
- Material Agreements
  TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Sale and Servicing Agreement with Toyota Motor Credit Corporation valued at Servicing of the Receivables (effective 2024-04-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Toyota Motor Credit Corporation
  - Value: Servicing of the Receivables
  - Effective: 2024-04-30
  source text: a Sale and Servicing Agreement (the “Sale and Servicing Agreement”) among TAFR LLC, as seller, TMCC, as servicer (in such capacity, the “Servicer”) and sponsor, and the Trust, as issuer, pursuant to which TAFR LLC transferred the Receivables to the Trust and the Receivables are serviced by the Servicer;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963824001663/0000929638-24-001663-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.