World Omni launches $874.71M auto lease ABS note issuance with four underwriters

World Omni Auto Leasing LLC

Underwriting agreement signed April 9, 2024 for $874,710,000 aggregate principal of Series 2024-A notes.
Notes: Class A-1 ($112M), A-2a ($85M), A-2b ($240M), A-3 ($325M), A-4 ($65.65M), Class B ($47.06M).
Underwriters: BofA Securities, MUFG Securities, TD Securities, Wells Fargo; closing anticipated April 17, 2024.
Proceeds will fund purchase of exchange notes secured by a pool of auto leases from World Omni entities.
Legal opinions from Kirkland & Ellis on enforceability and tax matters filed as exhibits.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

World Omni Auto Leasing LLC entered into Underwriting Agreement with BofA Securities, Inc., MUFG Securities Americas Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC valued at $874,710,000 aggregate principal balance of various classes of Asset-Backed Notes, Series 2024-A (effective 2024-04-09).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., MUFG Securities Americas Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC
Value: $874,710,000 aggregate principal balance of various classes of Asset-Backed Notes, Series 2024-A
Effective: 2024-04-09

Exact text from the filing

“Depositor”) entered into an Underwriting Agreement with BofA Securities, Inc., MUFG Securities Americas Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the underwriters named therein (collectively, the

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Source: SEC EDGAR

accession 0001104659-24-046265

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