debt
confidence high
sentiment neutral
materiality 0.50
BMW Vehicle Lease Trust 2026-2 prices $1.25B asset-backed note offering, closing Oct 14
BMW Vehicle Lease Trust 2026-2
- Underwriting Agreement dated Oct 7, 2026 among BMW Auto Leasing LLC, BMW Financial Services NA, and BofA Securities for sale of BMW Vehicle Lease Trust 2026-2 notes.
- Notes classes: $223.0M A-1, $305.6M A-2a, $175.0M A-2b, $480.6M A-3, $65.8M A-4; aggregate $1.25B; closing on/about Oct 14, 2026.
- On closing, BMW Manufacturing L.P. and BNY Mellon Trust of Delaware execute 2026-2 Vehicle Trust Supplement, creating 2026-2 SUBI backed by 2026-2 Leases and Vehicles; cutoff date Aug 31, 2026.
- Monthly payment dates start Nov 25, 2026; indenture trustee U.S. Bank Trust Company, owner trustee Wilmington Trust, asset representations reviewer Clayton Fixed Income Services.
- Vehicle schedule includes VIN, origination date, ALG residual value (July/August 2026), contract residual, securitization value as of cutoff, monthly payment, months remaining.