debt
confidence high
sentiment neutral
materiality 0.50
Volkswagen Auto Lease Trust 2025-A issues $1.25B in notes securitizing auto leases
VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC
- Sold $1.25B in Class A-1 through A-4 notes to underwriters led by RBC Capital Markets.
- Closing date June 17, 2025; proceeds used to purchase beneficial interest in auto lease portfolio.
- Transaction SUBI Supplement creates special unit of beneficial interest for lease assets backing the notes.
- Notes registered under SF-3; collateral consists of Volkswagen and Audi retail leases and vehicles.
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