Volkswagen Auto Lease Trust 2026-A 8-K

What Happened
Volkswagen Auto Lease Trust 2026-A (through VALU Funding and VW Credit, Inc.) announced an underwriting agreement dated March 17, 2026 with RBC Capital Markets, LLC and other underwriters to sell five classes of notes (Class A-1, A-2-A, A-2-B, A-3 and A-4) with an aggregate principal amount of $1,710,000,000. The notes are expected to be issued on or about the Closing Date, March 24, 2026. The Underwriting Agreement is filed as Exhibit 1.1 to the 8-K.

Key Details

• Aggregate principal balance: $1,710,000,000 across Classes A-1, A-2-A, A-2-B, A-3 and A-4.
• Parties: VALU Funding (seller/transferee), VW Credit, Inc. (owner/servicer), and RBC Capital Markets, LLC as representative of the underwriters.
• Expected issuance/Closing Date: on or about March 24, 2026.
• Registration and documents: Notes registered under Form SF-3 (Reg. Nos. 333-276654, 333-276654-01); key transactional documents and the form of Indenture and related agreements were filed as exhibits; CEO certification (Ex. 36.1) was also filed.

Why It Matters
This filing reflects a $1.71 billion securitization of Volkswagen-related retail automobile leases — creating new asset-backed notes for investors tied to those leases. The documents and Indenture filed with the 8-K set out the legal structure, transfer of lease assets, servicing arrangements (VW Credit, Inc.), and trustee roles, which are material for investors assessing credit structure, payment priority, and servicing expectations. Investors can review the filed exhibits and the referenced registration statement for full prospectus-level details.