Honda Auto Receivables 2024-2 Trust issues $2.1B in asset-backed notes across four tranches

Honda Auto Receivables 2024-2 Owner Trust

Initial principal amount $2,105,270,000 across four classes of asset-backed notes.
Class A-1 (5.505%), A-2 (5.48%), A-3 (5.27%), A-4 (5.21%) coupon rates.
Closing date May 21, 2024; underwritten by Citigroup, BNP Paribas, Mizuho, Wells Fargo.
Underlying collateral: retail installment contracts on new/used Honda or Acura vehicles.
American Honda Finance retains at least 5% of each note class as required.

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

Honda Auto Receivables 2024-2 Owner Trust entered into Underwriting Agreement with Citigroup Global Markets Inc., BNP Paribas Securities Corp., Mizuho Securities USA LLC, Wells Fargo Securities, LLC valued at $2,105,270,000 (effective 2024-05-14).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., BNP Paribas Securities Corp., Mizuho Securities USA LLC, Wells Fargo Securities, LLC
Value: $2,105,270,000
Effective: 2024-05-14

Exact text from the filing

On May 14, 2024, American Honda Receivables LLC (“AHR LLC”) and American Honda Finance Corporation (“AHFC”) entered into an Underwriting Agreement with Citigroup Global Markets Inc. (“Citigroup”), BNP Paribas Securities Corp. (“BNP”), Mizuho Securities USA LLC (“Mizuho”) and Wells Fargo Securities, LLC (“Wells Fargo”), each on behalf of itself and as a representative of the several underwriters, for the sale of certain notes of Honda Auto Receivables 2024-2 Owner Trust (the “Issuer”), in the following classes and in the amounts described therein:

View on SEC.gov

290 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001104659-24-062383

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.