--- schema_version: "secwatch.filing_event.v1" accession: "0000929638-26-001540" form_type: "8-K" ticker: null cik: "0001131131" company_name: "TOYOTA AUTO FINANCE RECEIVABLES LLC" filed_at: "2026-04-21T23:59:59+00:00" generated_at: "2026-05-15T05:03:34.298056+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Toyota Auto Receivables 2026-B closes $1.9B auto-loan ABS securitization ## Summary - Issued $1.9B in asset-backed notes across six tranches: A-1 ($400.6M), A-2a ($537.9M), A-2b ($134.4M), A-3 ($672.3M), A-4 ($107.3M), Class B ($47.5M). - Underlying assets: motor vehicle retail installment sales contracts transferred from TMCC to TAFR LLC and then to the trust. - Closing date April 21, 2026; servicing by Toyota Motor Credit Corporation; U.S. Bank as indenture trustee and Citibank as securities intermediary. ## SEC filing metadata - accession: 0000929638-26-001540 - form_type: 8-K - cik: 0001131131 - company_name: TOYOTA AUTO FINANCE RECEIVABLES LLC - filed_at: 2026-04-21T23:59:59+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/1131131/000092963826001540/0000929638-26-001540-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/taot2026-b_form8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000929638-26-001540 - JSON: https://secwatch.observer/filing/0000929638-26-001540.json - Plain text: https://secwatch.observer/filing/0000929638-26-001540.txt ## Source-grounded claims - claim_id: 35dd70f4c4b3ea6d85d5bf8d9321af476cf9f1c1 claim: 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). evidence_excerpt: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/0000929638-26-001540-index.htm - claim_id: 4e583fd7978a77e72b420ac4cce7737ccaeed87c claim: 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). evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/0000929638-26-001540-index.htm - claim_id: 881aa286a6e1faa5a60fad8a99abf2c804953d6a claim: 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). evidence_excerpt: 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; evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/0000929638-26-001540-index.htm - claim_id: 907bf9d05f746ecd3671d487537606bd3f27788c claim: 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). evidence_excerpt: 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; evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/0000929638-26-001540-index.htm - claim_id: a7f03d8af5eb86536690ed340df57f5f09155507 claim: 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). evidence_excerpt: 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; evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/0000929638-26-001540-index.htm - claim_id: cade33457d9ea6b2061146964afde1d08ad31c64 claim: 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). evidence_excerpt: 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; evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/0000929638-26-001540-index.htm - claim_id: d2fbe4da4f2fb62c9127d3751d34bb669ad29fb5 claim: 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). evidence_excerpt: 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”); evidence_url: https://www.sec.gov/Archives/edgar/data/1131131/000092963826001540/0000929638-26-001540-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.