$1.5B Volkswagen Auto Lease Trust 2024-A notes priced, closing March 27

VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC

Volkswagen Auto Lease Trust 2024-A to issue $1.5B in notes across five classes (A-1, A-2-A, A-2-B, A-3, A-4).
Underwriting agreement with J.P. Morgan Securities LLC as representative; closing on March 27, 2024.
Proceeds used to acquire a 100% beneficial interest in a pool of auto leases via a Transaction SUBI structure.
VW Credit, Inc. acts as sponsor and servicer; transaction documents include Indenture, SUBI supplements, and sale 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

VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC entered into Underwriting Agreement with J.P. Morgan Securities LLC, on its own behalf and as representative of the several underwriters thereunder valued at aggregate principal balance of $1,500,000,000 (effective 2024-03-19).

Action: entry
Agreement: underwriting
Counterparty: J.P. Morgan Securities LLC, on its own behalf and as representative of the several underwriters thereunder
Value: aggregate principal balance of $1,500,000,000
Effective: 2024-03-19

Exact text from the filing

On March 19, 2024 , Volkswagen Auto Lease/Loan Underwritten Funding, LLC (“VALU Funding”), VW Credit, Inc. (“VCI”) and J.P. Morgan Securities LLC, on its own behalf and as representative of the several underwriters thereunder (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 and Class A-4 (collectively, the “Notes”) with an aggregate principal balance of $1,500,000,000 were sold to the Underwriters.

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Source: SEC EDGAR

accession 0001104659-24-037375

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