secwatch.observer — SEC 8-K summary
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Issuer:     BMW AUTO LEASING LLC (—)
CIK:        0001126530
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000929638-26-001549
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud

BMW Vehicle Lease Trust 2026-1 Issued $1.5 Billion in Asset-Backed Notes
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- BMW Vehicle Lease Trust 2026-1 issued $1.5B in asset-backed notes on April 22, 2026, across five classes: A-1 ($249.6M), A-2a ($490.2M), A-2b ($90M), A-3 ($580.2M), A-4 ($90M).
- The securitization involved 10 definitive agreements including the Indenture, Vehicle Trust Supplement, and Back-Up Security Agreement.
- Underwriters included J.P. Morgan Securities LLC, and the notes are backed by vehicle leases from BMW Manufacturing L.P.
- The transaction is structured with a SUBI certificate transfer from BMW Manufacturing to BMW Auto Leasing to the Trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126530/000092963826001549/0000929638-26-001549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126530/000092963826001549/bmw2026-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-26-001549

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