Hyundai Auto Receivables Trust 2024-A issues $1.647B asset-backed notes

HYUNDAI ABS FUNDING LLC

Underwriting Agreement signed March 11 for $1.647B asset-backed notes across 7 classes (A-1 to C).
Notes closing March 20, 2024; backed by auto loan pool of $1.8128B in retail installment contracts.
Hyundai Capital America transfers receivables to Hyundai ABS Funding under Receivables Purchase Agreement.
Filed Indenture, Sale and Servicing, Trust, and Asset Representations Review Agreements.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HYUNDAI ABS FUNDING LLC entered into Underwriting Agreement with Hyundai Capital America and BofA Securities, Inc., on its own behalf and as representative of the several underwriters valued at $1,647,010,000 (effective 2024-03-11).

Action: entry
Agreement: underwriting
Counterparty: Hyundai Capital America and BofA Securities, Inc., on its own behalf and as representative of the several underwriters
Value: $1,647,010,000
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, Hyundai ABS Funding, LLC (“HABS”), Hyundai Capital America (“HCA”) and BofA Securities, Inc., on its own behalf and as representative of the several underwriters (the “Underwriters”) entered into an Underwriting Agreement, pursuant to which notes in the following classes: Class A-1, Class A-2-A, Class A-2-B, Class A-3, Class A-4, Class B and Class C Asset Backed Notes (collectively, the “Notes”) with an aggregate principal balance of $1,647,010,000 were sold to the Underwriters.

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Source: SEC EDGAR

accession 0001104659-24-033900

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