--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-25-296626" form_type: "8-K" ticker: null cik: "0001129068" company_name: "NISSAN AUTO RECEIVABLES Co II LLC" filed_at: "2025-11-25T23:59:59+00:00" generated_at: "2026-05-16T16:47:20.914271+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Nissan closes $1.25B auto receivables securitization; notes issued Nov 25, 2025 ## Summary - Issued $1.25B aggregate principal of asset-backed notes across six tranches (Class A-1 to A-4 and Class B). - Proceeds used to purchase retail auto installment sale contracts from Nissan Motor Acceptance Company. - Notes sold via underwriting syndicate led by Mizuho, including BNP Paribas, MUFG, Wells Fargo, BofA, Citi, Lloyds, U.S. Bancorp. - Tranche breakdown: A-1 $279M, A-2a $280M, A-2b $120M, A-3 $462M, A-4 $87.9M, Class B $21.1M. - No other material terms disclosed beyond standard representations and repurchase provisions. ## SEC filing metadata - accession: 0001193125-25-296626 - form_type: 8-K - cik: 0001129068 - company_name: NISSAN AUTO RECEIVABLES Co II LLC - filed_at: 2025-11-25T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1129068/000119312525296626/0001193125-25-296626-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129068/000119312525296626/d802825d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-25-296626 - JSON: https://secwatch.observer/filing/0001193125-25-296626.json - Plain text: https://secwatch.observer/filing/0001193125-25-296626.txt ## Key facts - Material Agreements NISSAN AUTO RECEIVABLES Co II LLC entered into Purchase Agreement with Nissan Motor Acceptance Company LLC (effective 2025-11-25). - Action: entry - Agreement: asset purchase - Counterparty: Nissan Motor Acceptance Company LLC - Effective: 2025-11-25 source text: On November 25, 2025 (the “Closing Date”), Nissan Auto Receivables Company II LLC (“NARC II”) and Nissan Motor Acceptance Company LLC (“NMAC”) entered into that certain Purchase Agreement, dated as of the Closing Date (the “Purchase Agreement”), pursuant to which NMAC transferred to NARC II certain retail motor-vehicle installment sales contracts relating to certain new, near-new and used automobiles and light-duty trucks (the “Receivables”) and related property. evidence_url: https://www.sec.gov/Archives/edgar/data/1129068/000119312525296626/0001193125-25-296626-index.htm - Material Agreements NISSAN AUTO RECEIVABLES Co II LLC entered into Underwriting Agreement with Mizuho Securities USA LLC (on behalf of itself and as representative of the Underwriters) valued at $1,250,000,000 (effective 2025-11-18). - Action: entry - Agreement: underwriting - Counterparty: Mizuho Securities USA LLC (on behalf of itself and as representative of the Underwriters) - Value: $1,250,000,000 - Effective: 2025-11-18 source text: The Notes, with an aggregate principal balance of $1,250,000,000, were sold to Mizuho Securities USA LLC, BNP Paribas Securities Corp., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Lloyds Securities Inc., and U.S. Bancorp Investments, Inc. (together, the “Underwriters”) pursuant to an Underwriting Agreement, dated as of November 18, 2025, by and among NARC II, NMAC and Mizuho Securities USA LLC, on behalf of itself and as the representative of the Underwriters. evidence_url: https://www.sec.gov/Archives/edgar/data/1129068/000119312525296626/0001193125-25-296626-index.htm - Material Agreements NISSAN AUTO RECEIVABLES Co II LLC entered into Sale and Servicing Agreement with Nissan Motor Acceptance Company LLC, U.S. Bank Trust Company, National Association, and the Issuing Entity (effective 2025-11-25). - Action: entry - Agreement: notes offering - Counterparty: Nissan Motor Acceptance Company LLC, U.S. Bank Trust Company, National Association, and the Issuing Entity - Effective: 2025-11-25 source text: On the Closing Date, Nissan Auto Receivables 2025-B Owner Trust (the “Issuing Entity”), a Delaware statutory trust established by a Trust Agreement dated as of October 13, 2025, as amended and restated by an Amended and Restated Trust Agreement dated as of the Closing Date (the “Amended and Restated Trust Agreement”), by and between NARC II, as depositor, Wilmington Trust, National Association, as owner trustee (the “Owner Trustee”), and U.S. Bank Trust Company, National Association, as certificate registrar and certificate paying agent, entered into that certain Sale and Servicing Agreement, dated as of the Closing Date (the “Sale and Servicing Agreement”), with NARC II, as seller, NMAC, as servicer, and U.S. Bank Trust Company, National Association, as indenture trustee (the “Indenture Trustee”), pursuant to which the Receivables and related property were transferred to the Issuing Entity. evidence_url: https://www.sec.gov/Archives/edgar/data/1129068/000119312525296626/0001193125-25-296626-index.htm - Material Agreements NISSAN AUTO RECEIVABLES Co II LLC entered into Indenture with U.S. Bank Trust Company, National Association (as indenture trustee) (effective 2025-11-25). - Action: entry - Agreement: notes offering - Counterparty: U.S. Bank Trust Company, National Association (as indenture trustee) - Effective: 2025-11-25 source text: Also on the Closing Date, the Issuing Entity caused the issuance, pursuant to an Indenture, dated as of the Closing Date (the “Indenture”), by and between the Issuing Entity, as issuer, and the Indenture Trustee, of $279,000,000 aggregate principal amount of Class A-1 Asset Backed Notes, $280,000,000 aggregate principal amount of Class A-2a Asset Backed Notes, $120,000,000 aggregate principal amount of Class A-2b Asset Backed Notes, $462,000,000 aggregate principal amount of Class A-3 Asset Backed Notes, $87,900,000 aggregate principal amount of Class A-4 Asset Backed Notes and $21,100,000 aggregate principal amount of Class B Asset Backed Notes (collectively, the “Notes”). evidence_url: https://www.sec.gov/Archives/edgar/data/1129068/000119312525296626/0001193125-25-296626-index.htm - Material Agreements NISSAN AUTO RECEIVABLES Co II LLC entered into Asset Representations Review Agreement with Clayton Fixed Income Services LLC (effective 2025-11-25). - Action: entry - Counterparty: Clayton Fixed Income Services LLC - Effective: 2025-11-25 source text: On the Closing Date, the Issuing Entity, as issuer, NMAC, as sponsor and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer, entered into that certain Asset Representations Review Agreement, dated as of the Closing Date (the “Asset Representations Review Agreement”), relating to the review of certain representations relating to the Receivables. evidence_url: https://www.sec.gov/Archives/edgar/data/1129068/000119312525296626/0001193125-25-296626-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.