HYUNDAI ABS FUNDING LLC 8-K

What Happened
HYUNDAI ABS FUNDING LLC (HABS) announced that it entered into an Underwriting Agreement (dated February 10, 2026) with Hyundai Capital America (HCA) and BofA Securities, Inc., acting for the underwriters, to sell seven classes of asset-backed notes with an aggregate principal balance of $2,199,700,000. The Notes (Class A-1, A-2-A, A-2-B, A-3, A-4, B and C) are expected to be issued on or about the Closing Date, February 18, 2026. The offering is registered on Form SF-3 (Commission File No. 333-284087).

Key Details

• Underwriting Agreement executed February 10, 2026; expected Closing Date February 18, 2026.
• Total principal amount: $2,199,700,000 across Classes A-1 through C.
• Collateral: retail installment sale contracts (receivables) relating to certain new and used automobiles, light‑duty trucks and minivans transferred from HCA to HABS.
• Related transaction documents being filed: Receivables Purchase Agreement, Amended & Restated Trust Agreement (creating Hyundai Auto Receivables Trust 2026-A), Sale & Servicing Agreement, Indenture, Owner Trust Administration Agreement, and an Asset Representations Review Agreement. CEO certification for the SF-3 shelf offering was also filed.

Why It Matters
This 8‑K documents a large securitization transaction that moves roughly $2.2 billion of auto loan receivables into a trust and funds them by issuing asset-backed notes to investors. For retail investors, the event indicates HCA is using the ABS market to finance auto lending and transfer credit risk to noteholders. The filings (purchase agreement, indenture and servicing agreements) define investor protections, collateral, and servicing arrangements—key facts for analyzing credit quality and payment priority of the issued notes.