GM Financial trust issues $1.54B in auto ABS notes across 8 tranches

AFS SENSUB CORP.

Issued $1.54B in notes: $1.48B senior (A-1 through A-4) at 5.04-5.494%, $25.07M Class B at 5.28%, $23.5M Class C at 5.43%, $19.61M Class D at 0.00%.
Notes backed by prime automobile loan contracts secured by new/used vehicles; sold to underwriters including BNP Paribas, CIBC, Goldman Sachs.
Issuing entity formed under trust agreement; GM Financial as servicer; Wilmington Trust as owner trustee; BNY Mellon as trustee/collateral agent.
Entered into Asset Representations Review Agreement with Clayton Fixed Income Services for review of delinquent receivables triggered by certain conditions.

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

AFS SENSUB CORP. entered into Underwriting Agreement with BNP Paribas Securities Corp., CIBC World Markets Corp., Lloyds Securities Inc., SG Americas Securities, LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Great Pacific Securities, MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. (effective 2024-04-04).

Action: entry
Agreement: underwriting
Counterparty: BNP Paribas Securities Corp., CIBC World Markets Corp., Lloyds Securities Inc., SG Americas Securities, LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Great Pacific Securities, MUFG Securities Americas Inc. and Scotia Capital (USA) Inc.
Effective: 2024-04-04

Exact text from the filing

pursuant to the Underwriting Agreement attached hereto as Exhibit 1.1 , dated as of April 4, 2024 (the “ Underwriting Agreement ”), among GM Financial, AFS SenSub and the Representative.

View on SEC.gov

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

Source: SEC EDGAR

accession 0001193125-24-093040

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.