HYUNDAI ABS FUNDING LLC 8-K

What Happened

• HYUNDAI ABS FUNDING LLC (HABS) filed an 8-K reporting the issuance and sale on February 18, 2026 (the Closing Date) of multiple classes of asset-backed notes (Class A-1, A-2-A, A-2-B, A-3, A-4, B and C) under the Final Prospectus dated February 10, 2026.
• To effect the transaction, HABS and Hyundai Capital America (HCA) entered into a Receivables Purchase Agreement transferring retail installment sale contracts (auto loan receivables) relating to new and used automobiles, light‑duty trucks and minivans into a newly formed securitization trust named Hyundai Auto Receivables Trust 2026-A. Related agreements (trust agreement, sale and servicing agreements, indenture, administration agreement and an asset representations review agreement) were executed on the Closing Date.

Key Details

• Closing Date: February 18, 2026; Final Prospectus dated February 10, 2026.
• Trust: Hyundai Auto Receivables Trust 2026-A created via an Amended and Restated Trust Agreement.
• Assets: Retail installment sale contracts for new and used cars, light‑duty trucks and minivans transferred from HCA to HABS/Trust.
• Key parties: Hyundai Capital America (seller/servicer), Hyundai ABS Funding LLC (depositor), U.S. Bank Trust National Association (Owner Trustee), Citibank, N.A. (Indenture Trustee), Clayton Fixed Income Services LLC (asset representations reviewer).
• Registration: The Notes are registered under the Securities Act via Form SF-3 (Commission File No. 333-284087).

Why It Matters

• This 8-K documents the formation and funding of a new auto loan securitization, which provides HCA with financing by converting retail auto loans into marketable notes.
• For investors, the filing identifies the collateral (auto receivables), the trust structure, and the parties responsible for servicing and oversight—key facts for assessing the credit profile and transparency of the issued notes.
• The action is a routine securitization step rather than a change in company management or operating results; it primarily affects holders or potential buyers of these specific asset-backed securities.