CNH CAPITAL RECEIVABLES LLC·8-K

Jan 28, 12:27 PM ET

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CNH CAPITAL RECEIVABLES LLC 8-K

Research Summary

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CNH Capital Receivables LLC Issues $1.211B Asset-Backed Notes

What Happened
CNH Capital Receivables LLC filed an 8-K on January 28, 2026 announcing that CNH Equipment Trust 2026-A publicly issued a series of asset-backed notes totaling $1,211,328,000. The offering was made under a Form SF-3 registration statement (File No. 333-286570) effective August 11, 2025, and described in a Prospectus dated January 21, 2026. The lead managing firms for the issuance were BofA Securities, J.P. Morgan Securities, Mizuho Securities USA and Santander US Capital Markets.

Key Details

  • Total issuance: $1,211,328,000 across five note classes:
    • Class A-1: $186,400,000
    • Class A-2a: $352,698,000 and Class A-2b: $150,000,000 (together the Class A-2 Notes)
    • Class A-3: $437,790,000
    • Class A-4: $84,440,000
  • Issuer/Trust: CNH Equipment Trust 2026-A; offering described in Prospectus (filed under Rule 424(b)(5)).
  • Transaction documents (final forms) were filed as exhibits, including the indenture, sale and servicing agreement, purchase agreement, administration agreement and related agreements.

Why It Matters
This filing documents a large securitization (asset-backed notes) that provides financing through CNH Equipment Trust 2026-A. For investors, the transaction signals how CNH Industrial’s finance arm sources liquidity and transfers receivables into the capital markets. The 8-K does not report earnings or operational results; it primarily discloses the issuance details and the related transaction documents for the securitization offering.

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