TOYOTA AUTO FINANCE RECEIVABLES LLC 8-K

What Happened
Toyota Auto Finance Receivables LLC (TAFR LLC) filed an 8-K reporting that on January 21, 2026 it transferred motor vehicle retail installment sales contracts (the “Receivables”) into Toyota Auto Receivables 2026‑A Owner Trust and the Trust issued asset‑backed notes with an aggregate original principal of $1,900,000,000. The issuance is described in the Final Prospectus dated January 13, 2026. The transaction involved Toyota Motor Credit Corporation (TMCC) as seller/servicer and multiple agreements documenting the sale, servicing, trust structure and security interests.

Key Details

• Closing date: January 21, 2026.
• Notes issued (original principal amounts): Class A-1 $383,000,000; Class A-2a $470,000,000; Class A-2b $202,800,000; Class A-3 $672,800,000; Class A-4 $123,900,000; Class B $47,500,000 (total $1,900,000,000).
• Agreements filed as exhibits include: Receivables Purchase Agreement (TMCC ↔ TAFR LLC), Sale and Servicing Agreement (TAFR LLC ↔ TMCC ↔ Trust), Amended & Restated Trust Agreement, Indenture, Administration Agreement, Securities Account Control Agreement, and an Asset Representations Review Agreement.
• The Notes and related documents are reflected in the Final Prospectus (Jan 13, 2026) and related underwriting/depositor filings.

Why It Matters
This filing documents a securitization that moves a pool of Toyota auto loans into a trust and raises $1.9 billion through asset‑backed notes. For retail investors, the transaction is primarily relevant as part of Toyota Motor Credit’s funding and liquidity activities—providing capital backing for its auto‑financing business. The 8-K also makes the transaction agreements publicly available, which is important for holders or prospective buyers of the issued notes and for transparency about the structure and servicing of the receivables.