BMW Auto Leasing LLC: enters agreements for $1,250,000,000 asset-backed notes

What happened BMW Auto Leasing LLC filed an 8-K stating that, in connection with the issuance by BMW Vehicle Lease Trust 2026-2 on Oct 14, 2026, of Class A-1, A-2a, A-2b, A-3 and A-4 asset-backed notes (aggregate original principal amount $1,250,000,000), BMW Auto Leasing LLC is filing a set of agreements dated as of the Closing Date related to the issuance and sale of certain of the notes.

Key details

• The Trust issued Class A-1 notes of $223,000,000; Class A-2a notes of $305,600,000; Class A-2b notes of $175,000,000; Class A-3 notes of $480,600,000; and Class A-4 notes of $65,800,000 on Oct 14, 2026.
• Agreements filed dated Oct 14, 2026 include a 2026-2 Vehicle Trust Supplement, SUBI Certificate transfer agreements, an amended and restated trust agreement, a 2026-2 SUBI servicing supplement, an asset representations review agreement, and an indenture under which the Trust issued the notes.
• The filing also includes a Back-Up Security Agreement granting a first priority security interest in certain collateral and a Control Agreement to establish control under Article 8 and Article 9 of the Uniform Commercial Code.
• The indenture trustee named is U.S. Bank Trust Company, National Association; other parties include BMW Manufacturing L.P., BMW Financial Services NA, LLC, BNY Mellon Trust of Delaware and U.S. Bank National Association (as securities intermediary).

Why it may matter This report was made under Item 1.01 (entry into a material definitive agreement) and covers the material agreements entered into on the Closing Date in connection with the issuance and sale of the Trust’s asset-backed notes and the related security arrangements. The filing does not show why the insider traded or why the company acted.