Toyota Auto Receivables 2026-B Trust to issue $1.9B in asset-backed notes

TOYOTA AUTO FINANCE RECEIVABLES LLC

Trust to issue six classes of notes totaling $1.9B: Class A-1 ($400.6M), A-2a ($537.9M), A-2b ($134.4M), A-3 ($672.3M), A-4 ($107.3M), and B ($47.5M).
Underwriting agreement signed April 14 with Mizuho, Barclays, BofA, SMBC Nikko, U.S. Bancorp as representatives.
Closing date scheduled for April 21, 2026; proceeds will purchase motor vehicle retail installment sales contracts from TMCC.
TMCC will serve as servicer and administrator; agreements include Sale and Servicing, Indenture, and Asset Representations Review.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Underwriting Agreement with Mizuho Securities USA LLC, Barclays Capital Inc., BofA Securities, Inc., SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc. valued at $400,600,000; $537,900,000; $134,400,000; $672,300,000; $107,300,000; $47,500,000 (effective 2026-04-14).

Action: entry
Agreement: underwriting
Counterparty: Mizuho Securities USA LLC, Barclays Capital Inc., BofA Securities, Inc., SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc.
Value: $400,600,000; $537,900,000; $134,400,000; $672,300,000; $107,300,000; $47,500,000
Effective: 2026-04-14

Exact text from the filing

On April 14, 2026, Toyota Auto Finance Receivables LLC (“TAFR LLC”) and Toyota Motor Credit Corporation (“TMCC”) entered into an Underwriting Agreement with Mizuho Securities USA LLC, Barclays Capital Inc., BofA Securities, Inc., SMBC Nikko Securities America, Inc. and U.S. Bancorp Investments, Inc., acting on behalf of themselves and as representatives of the several underwriters named therein, for the sale of certain notes of Toyota Auto Receivables 2026-B Owner Trust, a Delaware statutory trust (the “Trust”).

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Source: SEC EDGAR

accession 0000929638-26-001519

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