secwatch / observer
8-K filed April 21, 2026, 7:59 PM ET CIK 0001131131
debt confidence high sentiment neutral materiality 0.50

Toyota Auto Receivables 2026-B closes $1.9B auto-loan ABS securitization

TOYOTA AUTO FINANCE RECEIVABLES LLC

item 1.01item 9.01

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 Receivables Purchase Agreement with Toyota Motor Credit Corporation valued at Receivables Purchase Agreement between TMCC and TAFR LLC (effective 2026-04-21).

Action
entry
Agreement
notes offering
Counterparty
Toyota Motor Credit Corporation
Value
Receivables Purchase Agreement between TMCC and TAFR LLC
Effective
2026-04-21
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement . On April 21, 2026 (the “Closing Date”), Toyota Auto Finance Receivables LLC (“TAFR LLC”) transferred certain motor vehicle retail installment sales contracts (the “Receivables”) to Toyota Auto Receivables 2026-B Owner Trust (the “Trust”). The Trust granted a security interest in the Receivables to U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”), and issued: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $400,600,000; (ii) Class A-2a Asset-Backed Notes in the aggregate original principal amount of $537,900,000; (iii) Class A-2b Asset-Backed Notes in the aggregate original principal amount of $134,400,000; (iv) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $672,300,000; (v) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $107,300,000; and (vi) Class B Asset-Backed Notes in the aggregate original principal amount of
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Securities Account Control Agreement with U.S. Bank National Association valued at Securities Account Control Agreement among TAFR LLC, Indenture Trustee and Securities Intermediary r (effective 2026-04-21).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank National Association
Value
Securities Account Control Agreement among TAFR LLC, Indenture Trustee and Securities Intermediary r
Effective
2026-04-21
Exact text from the filing
7. a Securities Account Control Agreement (the “Securities Account Control Agreement”) among TAFR LLC, as pledgor, the Indenture Trustee, as secured party, and the Securities Intermediary, relating to the pledge and grant of “control” (as such term is defined in the Uniform Commercial Code as in effect on the Closing Date in New York) of the Reserve Account to the Indenture Trustee, on behalf of the holders of the Notes.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Indenture with Citibank, N.A. valued at Indenture between the Trust as issuer and Citibank as indenture trustee and securities intermediary, (effective 2026-04-21).

Action
entry
Agreement
notes offering
Counterparty
Citibank, N.A.
Value
Indenture between the Trust as issuer and Citibank as indenture trustee and securities intermediary,
Effective
2026-04-21
Exact text from the filing
5. an Indenture (the “Indenture”) between the Trust, as issuer, and Citibank, N.A., as indenture trustee (in such capacity, the “Indenture Trustee”) and securities intermediary (in such capacity, the “Securities Intermediary”), pursuant to which the Trust issued the Notes;
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Sale and Servicing Agreement with Toyota Auto Receivables 2026-B Owner Trust valued at Sale and Servicing Agreement among TAFR LLC, TMCC and the Trust (effective 2026-04-21).

Action
entry
Counterparty
Toyota Auto Receivables 2026-B Owner Trust
Value
Sale and Servicing Agreement among TAFR LLC, TMCC and the Trust
Effective
2026-04-21
Exact text from the filing
2. 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;
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Administration Agreement with Toyota Motor Credit Corporation valued at Administration Agreement among Administrator, the Trust and the Indenture Trustee (effective 2026-04-21).

Action
entry
Agreement
notes offering
Counterparty
Toyota Motor Credit Corporation
Value
Administration Agreement among Administrator, the Trust and the Indenture Trustee
Effective
2026-04-21
Exact text from the filing
6. an Administration Agreement (the “Administration Agreement”) among the Administrator, the Trust and the Indenture Trustee, relating to the provision by the Administrator of certain services for the Trust;
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Asset Representations Review Agreement with Clayton Fixed Income Services LLC valued at Asset Representations Review Agreement among the Trust, TMCC and Clayton Fixed Income Services LLC (effective 2026-04-21).

Action
entry
Counterparty
Clayton Fixed Income Services LLC
Value
Asset Representations Review Agreement among the Trust, TMCC and Clayton Fixed Income Services LLC
Effective
2026-04-21
Exact text from the filing
4. an Asset Representations Review Agreement (the “Asset Representations Review Agreement”) among the Trust, TMCC, as Servicer and administrator (in such capacity, the “Administrator”), and Clayton Fixed Income Services LLC, as asset representations reviewer (the “Asset Representations Reviewer”), relating to the review of certain representations relating to the Receivables;
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TOYOTA AUTO FINANCE RECEIVABLES LLC entered into Amended and Restated Trust Agreement with Wilmington Trust, National Association valued at Amended and Restated Trust Agreement between TAFR LLC and Owner Trustee (effective 2026-04-21).

Action
entry
Counterparty
Wilmington Trust, National Association
Value
Amended and Restated Trust Agreement between TAFR LLC and Owner Trustee
Effective
2026-04-21
Exact text from the filing
3. an Amended and Restated Trust Agreement (the “Amended and Restated Trust Agreement”) between TAFR LLC and Wilmington Trust, National Association, as owner trustee (the “Owner Trustee”);
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Source: SEC EDGAR
accession 0000929638-26-001540
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