secwatch / observer
8-K filed April 22, 2026, 7:59 PM ET CIK 0001126530
debt confidence high sentiment neutral materiality 0.90

BMW Vehicle Lease Trust 2026-1 Issued $1.5 Billion in Asset-Backed Notes

BMW AUTO LEASING LLC

item 1.01item 9.01

Machine-readable event card

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BMW AUTO LEASING LLC
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JSON Markdown Plain text

Source-grounded claims

2ac5008609c93c8ff927a4aab58da13cc1dca100

BMW AUTO LEASING LLC entered into Indenture with U.S. Bank Trust Company, National Association valued at Indenture pursuant to which the Trust issued the Notes (effective 2026-04-22).

An Indenture (the “Indenture”) between the Trust, as issuer, and U.S. Bank Trust Company, National Association, as indenture trustee (the “Indenture Trustee”), pursuant to which the Trust issued the Notes

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

3fb02be964eba12afa1fe5683989327bd4316d89

BMW AUTO LEASING LLC entered into Asset Representations Review Agreement with Clayton Fixed Income Services LLC valued at Review of certain representations relating to Specified Leases and Specified Vehicles (effective 2026-04-22).

An Asset Representations Review Agreement (the “Asset Representations Review Agreement”) among the Trust, the Servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (the “Asset Representations Reviewer”), relating to the review of certain representations relating to the Specified Leases and Specified Vehicles

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

687ceb4ff7d86805271129cbb33a8e17779d6aec

BMW AUTO LEASING LLC entered into Back-Up Security Agreement with Vehicle Trust valued at Grant of first priority security interest in certain collateral to secure the Notes (effective 2026-04-22).

A Back-Up Security Agreement (the “Back-Up Security Agreement”) among the Vehicle Trust, BMW Manufacturing, BMW LLC, the Trust and the Indenture Trustee, pursuant to which each of the Vehicle Trust, BMW Manufacturing and BMW LLC granted to the Trust a first priority security interest in certain collateral to secure the Notes

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

a6f675fa6fc7d801a8f69cd7e18ba6a9b3b6a1be

BMW AUTO LEASING LLC entered into Issuer SUBI Certificate Transfer Agreement with BMW Vehicle Lease Trust 2026-1 valued at Transfer of SUBI Certificate from BMW LLC to the Trust (effective 2026-04-22).

An Issuer SUBI Certificate Transfer Agreement (the “Issuer SUBI Certificate Transfer Agreement”) between BMW LLC and the Trust, pursuant to which the SUBI Certificate was transferred by BMW LLC to the Trust

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

b82cc019cd8867879c61399d8b6f29dd9cdb38d8

BMW AUTO LEASING LLC entered into Amended and Restated Trust Agreement with Wilmington Trust, National Association valued at Amended and restated trust agreement for BMW Vehicle Lease Trust 2026-1 (effective 2026-04-22).

An Amended and Restated Trust Agreement of the Trust (the “Amended and Restated Trust Agreement”) between BMW LLC and Wilmington Trust, National Association, as owner trustee (the “Owner Trustee”)

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

c82cff72e9b01bd764f58d0fc058043394cf5dc3

BMW AUTO LEASING LLC entered into Control Agreement with U.S. Bank National Association valued at Establishment of control over certain collateral securing the Notes under UCC Articles 8 and 9 (effective 2026-04-22).

A Control Agreement (the “Control Agreement”) among the Trust, the Indenture Trustee, including in its capacity as secured party, and U.S. Bank National Association, as securities intermediary (the “Securities Intermediary”), related to the establishment of “control” pursuant to Article Eight and Nine of the Uniform Commercial Code over certain of the collateral securing the Notes

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

dc7f7515a611355d6332186e34149c8be6037d1f

BMW AUTO LEASING LLC entered into SUBI Certificate Transfer Agreement with BMW Manufacturing L.P. valued at Transfer of SUBI Certificate from BMW Manufacturing to BMW LLC (effective 2026-04-22).

A SUBI Certificate Transfer Agreement (the “SUBI Certificate Transfer Agreement”) between BMW Manufacturing and BMW LLC, pursuant to which the SUBI Certificate was transferred by BMW Manufacturing to BMW LLC

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

dd9905e57b399876b180e6418fd445705c2dd125

BMW AUTO LEASING LLC entered into 2026-1 SUBI Servicing Supplement with Financial Services Vehicle Trust valued at Servicing supplement for specified leases and vehicles allocated to SUBI Certificate (effective 2026-04-22).

A 2026-1 Servicing Supplement (the “2026-1 SUBI Servicing Supplement”) among Financial Services Vehicle Trust (the “Vehicle Trust”), the UTI Beneficiary and BMW Financial Services NA, LLC (“BMW FS”), as servicer (in such capacity, the “Servicer”) and sponsor (in such capacity, the “Sponsor”), to the Basic Servicing Agreement, dated as of August 30, 1995 (the “Basic Servicing Agreement”), among the Vehicle Trust, BMW Manufacturing and the Servicer, pursuant to which the leases (the “Specified Leases”) and related leased vehicles (the “Specified Vehicles”) allocated to the SUBI Certificate are serviced by the Servicer

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

e565ee3885052757501ff6a3031a9829ed8f9230

BMW AUTO LEASING LLC entered into 2026-1 Vehicle Trust Supplement with BMW Manufacturing L.P. valued at Asset-backed notes in multiple classes totaling approximately $1,500,000,000 (effective 2026-04-22).

In connection with the issuance by BMW Vehicle Lease Trust 2026-1 (the “Trust”) on April 22, 2026 (the “Closing Date”) of its (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $249,600,000; (ii) Class A-2a Asset-Backed Notes in the aggregate original principal amount of $490,200,000; (iii) Class A-2b Asset-Backed Notes in the aggregate original principal amount of $90,000,000; (iv) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $580,200,000 and (v) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $90,000,000 (collectively, the “Notes”), and the sale of certain of the Notes, BMW Auto Leasing LLC (“BMW LLC”) is filing the agreements listed below, each dated as of the Closing Date: 1. A 2026-1 Vehicle Trust Supplement (the “2026-1 Vehicle Trust Supplement”) between BMW Manufacturing L.P. (“BMW Manufacturing”), as grantor (in such capacity, the “Grantor”) and UTI beneficiary (in such capacity, the “UTI Benef

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

f30f0860fdfa7049ef9a8872848cf6f27db1db36

BMW AUTO LEASING LLC entered into Administration Agreement with BMW Financial Services NA, LLC valued at Provision of administrative services for the Trust by Administrator (effective 2026-04-22).

An Administration Agreement (the “Administration Agreement”) among BMW FS, as administrator (in such capacity, the “Administrator”), BMW LLC, as depositor, the Trust and the Indenture Trustee, relating to the provision by the Administrator of certain services for the Trust

SEC 8-K Item 1.01/1.02 confidence 0.95 SEC evidence

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same fact type: material_agreement same SEC item: 1.01, 9.01 same event type: debt similar materiality

This filing

An Indenture (the “Indenture”) between the Trust, as issuer, and U.S. Bank Trust Company, National Association, as indenture trustee (the “Indenture Trustee”), pursuant to which the Trust issued the Notes

Comparable filing

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This filing

An Indenture (the “Indenture”) between the Trust, as issuer, and U.S. Bank Trust Company, National Association, as indenture trustee (the “Indenture Trustee”), pursuant to which the Trust issued the Notes

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same fact type: material_agreement same SEC item: 1.01, 9.01 same event type: debt similar materiality

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LIQT

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Source: SEC EDGAR
accession 0000929638-26-001549
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