Porsche Auto Funding securitizes $911M in auto lease notes via PILOT 2026-1 trust

Porsche Innovative Lease Owner Trust 2026-1

Aggregate principal balance of notes is $911,000,000, to be sold by Porsche Auto Funding LLC.
Underwriting agreement executed June 4, 2026, with BofA Securities as representative.
Notes anticipated to close on June 12, 2026, backed by retail vehicle leases and related assets.
Transaction documents include Indenture, SUBI Sale/Transfer Agreements, and Servicing Supplement.
Certifications required by Form SF-3 provided by registrant's CEO.

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

Porsche Innovative Lease Owner Trust 2026-1 entered into Underwriting Agreement with BofA Securities, Inc., on its own behalf and as representative of the several underwriters valued at $911,000,000 (effective 2026-06-04).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., on its own behalf and as representative of the several underwriters
Value: $911,000,000
Effective: 2026-06-04

Exact text from the filing

On June 4, 2026, Porsche Auto Funding LLC (“PAF”), Porsche Financial Services, Inc. (“PFS”) and BofA Securities, Inc., on its own behalf and as representative of the several underwriters thereunder (collectively, the “Underwriters”), entered into an Underwriting Agreement, for the sale of the following notes to be issued by Porsche Innovative Lease Owner Trust 2026-1 (the “Issuing Entity”): Class A-1, Class A-2a, Class A-2b, Class A-3 and Class A-4 (collectively, the “Notes”) with an aggregate principal balance of $911,000,000.

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Source: SEC EDGAR

accession 0001104659-26-071241

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