AMERICAN HONDA RECEIVABLES LLC 8-K

What Happened American Honda Receivables LLC filed a Form 8-K on February 12, 2026, reporting that a prospectus dated February 10, 2026, describes the receivables pool and structure for a multi-class offering of asset-backed notes issued by Honda Auto Receivables 2026-1 Owner Trust. The offering comprises five classes of Class A notes with an aggregate principal amount of $2,421,053,000. American Honda Finance Corporation (AHFC) will initially retain at least 5% (by initial principal amount) of each note class.

Key Details

• Total issuance: $2,421,053,000 across five Class A note series.
• By class:
  • Class A-1 Notes: $604,800,000
  • Class A-2a Notes: $505,000,000
  • Class A-2b Notes: $333,500,000
  • Class A-3 Notes: $838,500,000
  • Class A-4 Notes: $139,253,000
• Prospectus date: February 10, 2026; Form 8-K filed: February 12, 2026.
• AHFC will initially retain at least 5% of each class (by initial principal amount).

Why It Matters This filing informs investors that Honda-related auto receivables are being securitized into a $2.42 billion trust offering. The size and structure of the offering affect funding and liquidity for Honda’s auto finance operations; AHFC’s ≥5% retention indicates the sponsor is maintaining a continuing economic interest in the deals. Retail investors should note the issuance size and retention when assessing exposure to Honda auto finance receivables or related credit products.