BMW Auto Leasing LLC: enters underwriting for $1,250,000,000 of notes

What happened

• The filing reports that BMW Auto Leasing LLC and BMW Financial Services NA, LLC entered into an Underwriting Agreement with BofA Securities, Inc., on Oct 7, 2026, for the sale of notes of BMW Vehicle Lease Trust 2026-2.
• The filing states the Notes will be issued on or about Oct 14, 2026 (the Closing Date).

Key details

• The Notes comprise: Class A-1 $223,000,000; Class A-2a $305,600,000; Class A-2b $175,000,000; Class A-3 $480,600,000; and Class A-4 $65,800,000 (aggregate $1,250,000,000).
• The filing lists a series of agreements to be entered on the Closing Date, including a vehicle trust supplement, SUBI certificate transfer agreements, an amended and restated trust agreement, an Indenture to issue the Notes, an administration agreement, a back-up security agreement granting first priority security interests, and a control agreement to perfect UCC control.
• The filing also states an Asset Representations Review Agreement will be entered and that the chief executive officer provided the depositor certifications required for the offering (Exhibit 36.1).

Why it may matter

• Item 1.01 was reported for entering a material definitive agreement (the underwriting agreement) to sell the Notes, and Item 8.01 was reported for other events relating to closing-date documents needed to issue and secure the Notes. A filing does not show why the insider traded or why the company acted.