BMW securitization trust to issue $1.5B in asset-backed notes on April 22

BMW AUTO LEASING LLC

BMW Vehicle Lease Trust 2026-1 to issue $1.5B in asset-backed notes across five classes.
Classes: A-1 ($249.6M), A-2a ($490.2M), A-2b ($90M), A-3 ($580.2M), A-4 ($90M).
Underwriting agreement dated April 14, 2026; closing date April 22, 2026.
Notes backed by BMW lease contracts; proceeds support BMW Financial Services operations.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BMW AUTO LEASING LLC entered into Underwriting Agreement with J.P. Morgan Securities LLC valued at $249,600,000; $490,200,000; $90,000,000; $580,200,000; $90,000,000 (effective 2026-04-14).

Action: entry
Agreement: underwriting
Counterparty: J.P. Morgan Securities LLC
Value: $249,600,000; $490,200,000; $90,000,000; $580,200,000; $90,000,000
Effective: 2026-04-14

Exact text from the filing

On April 14, 2026, BMW Auto Leasing LLC (“BMW LLC”) and BMW Financial Services NA, LLC (“BMW FS”) entered into an Underwriting Agreement with J.P. Morgan Securities LLC, on behalf of itself and as a representative of the several underwriters named therein, for the sale of certain notes of BMW Vehicle Lease Trust 2026-1

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Source: SEC EDGAR

accession 0000929638-26-001523

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