World Omni Auto Leasing LLC 8-K
Research Summary
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World Omni Auto Leasing Amends Collateral Agency Agreement (8‑K)
What Happened
On February 6, 2026, World Omni LT (the Titling Trust/Registrant) entered into an Eighth Amendment to the Fourth Amended and Restated Collateral Agency Agreement. The amendment, among the Titling Trust, World Omni Lease Finance LLC, Auto Lease Finance LLC (initial beneficiary), AL Holding Corp. (closed‑end collateral agent), Bank of America, N.A. (deal agent), U.S. Bank Trust Company, N.A. (closed‑end administrative agent), and the lenders party thereto, changes the agreement’s definition of “Defaulted Receivables.” The underlying Collateral Agency Agreement originally dated December 15, 2009.
Key Details
- Amendment executed: February 6, 2026.
- Agreement amended: Fourth Amended and Restated Collateral Agency Agreement (originally dated Dec. 15, 2009).
- Primary change: revision to the definition of “Defaulted Receivables.”
- Parties include the Titling Trust (World Omni LT), Auto Lease Finance LLC, World Omni Lease Finance LLC, AL Holding Corp., Bank of America, N.A., U.S. Bank Trust Company, N.A., and the lenders.
Why It Matters
The definitional change affects how receivables are identified as “defaulted” under the collateral agreement, which can influence collateral treatment, lender remedies, and the administration of receivables used to support financing or securitization structures. Investors should review the full amendment (filed as an exhibit) to understand the specific wording changes and any potential impact on cash flows or credit support for World Omni’s lease receivable arrangements.
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