Daimler Trucks Retail Trust 2024-1 issues $636.95M asset-backed notes

Daimler Trucks Retail Trust 2024-1

Principal amount of notes: $636,950,000, offered under prospectus dated April 15, 2024.
Underwriting agreement signed with J.P. Morgan, Scotia Capital, and Deutsche Bank Securities as representatives.
Notes backed by truck and transportation equipment retail installment sales contracts and loans.
Proceeds used to purchase receivables from Daimler Trucks Retail Receivables LLC and Daimler Truck Financial Services USA LLC.
Closing expected on or about April 2024; related servicing and trust agreements executed.

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

Daimler Trucks Retail Trust 2024-1 entered into Underwriting Agreement with J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Deutsche Bank Securities Inc., as representatives of the several underwriters valued at $636,950,000 principal amount of Notes.

Action: entry
Agreement: underwriting
Counterparty: J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Deutsche Bank Securities Inc., as representatives of the several underwriters
Value: $636,950,000 principal amount of Notes

Exact text from the filing

In connection with the Asset Backed Notes (the “Notes”) to be issued by Daimler Trucks Retail Trust 2024-1 (the “Issuer”) and the $636,950,000 principal amount of Notes offered pursuant to the Prospectus dated April 15, 2024, Daimler Trucks Retail Receivables LLC (“Daimler Trucks Retail Receivables”) and Daimler Truck Financial Services USA LLC (“DTFS USA”) entered into an underwriting agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Deutsche Bank Securities Inc., as representatives of the several underwriters.

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Source: SEC EDGAR

accession 0001140361-24-020351

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