TOYOTA AUTO FINANCE RECEIVABLES LLC: issues $1,900,000,000 of asset-backed notes

What happened

• The filing reports that on Oct 15, 2026, Toyota Auto Finance Receivables LLC (TAFR LLC) transferred certain motor vehicle retail installment sales contracts (the “Receivables”) to Toyota Auto Receivables 2026-D Owner Trust (the “Trust”), the Trust granted a security interest in the Receivables to Citibank, N.A., as indenture trustee, and the Trust issued Class A-1, Class A-2a, Class A-2b, Class A-3, Class A-4 and Class B asset-backed notes on the Closing Date. The notes were issued in the following aggregate original principal amounts: Class A-1 $439,750,000; Class A-2a $496,092,000; Class A-2b $163,158,000; Class A-3 $659,000,000; Class A-4 $94,500,000; and Class B $47,500,000.

Key details

• The filing cites a Final Prospectus dated Oct 9, 2026 and states the Notes were issued on the Closing Date, Oct 15, 2026.
• Parties named in the agreements include Toyota Motor Credit Corporation (TMCC) as seller, servicer and sponsor; TAFR LLC as purchaser and seller; Citibank, N.A. as indenture trustee and securities intermediary; and Wilmington Trust, National Association as owner trustee.
• The 8-K was filed to provide copies of material agreements dated as of Oct 15, 2026, including a Receivables Purchase Agreement (TMCC and TAFR LLC), a Sale and Servicing Agreement (TAFR LLC, TMCC and the Trust), an Amended and Restated Trust Agreement (TAFR LLC and the owner trustee), an Indenture (the Trust and the indenture trustee), an Asset Representations Review Agreement, an Administration Agreement, and a Securities Account Control Agreement.

Why it may matter

• The filing reports Item 1.01 (Entry into a material definitive agreement), covering the transfer of receivables to the Trust, the granting of a security interest to the indenture trustee and the issuance of the asset-backed notes. A filing does not show why the insider traded or why the company acted.