secwatch.observer — SEC 8-K summary
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Issuer:     AFS SENSUB CORP. (—)
CIK:        0001347185
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001193125-24-093040
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347185/000119312524093040/0001193125-24-093040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347185/000119312524093040/d803223d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-093040

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