HYUNDAI ABS FUNDING LLC·8-K

Apr 15, 4:01 PM ET

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HYUNDAI ABS FUNDING LLC 8-K

Research Summary

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Hyundai ABS Funding LLC Enters Omnibus Distribution and Termination Agreement

What Happened

  • Hyundai ABS Funding LLC (the Depositor) filed an 8-K on April 15, 2026, reporting that on April 9, 2026 it and related parties entered into an Omnibus Distribution and Termination Agreement. Parties to the agreement include Hyundai Capital America (HCA), Hyundai Auto Receivables Trust 2022-A (the Issuing Entity), Citibank, N.A. (Indenture Trustee), and U.S. Bank Trust National Association (Owner Trustee). The filing includes the agreement as Exhibit 10.1.

Key Details

  • Agreement dated: April 9, 2026; 8-K filed April 15, 2026.
  • Parties: Hyundai Capital America (HCA); Hyundai ABS Funding, LLC (Depositor); Hyundai Auto Receivables Trust 2022‑A (Issuing Entity); Citibank, N.A. (Indenture Trustee); U.S. Bank Trust National Association (Owner Trustee).
  • Consent: HCA and the Depositor consented as owners of 100% of the certificates and all classes of notes that remain outstanding.
  • Exhibit: Omnibus Distribution and Termination Agreement attached as Exhibit 10.1.

Why It Matters

  • This Item 1.01 filing notifies investors of a material definitive agreement affecting the issuing trust and the related trustee parties. The agreement’s title indicates it addresses distribution and termination matters for the trust, and the filing confirms unanimous consent by the current owners of remaining certificates/notes. Investors in related Hyundai asset-backed securities or holders tracking trust wind‑downs should review Exhibit 10.1 for specific terms and any operational or timing details.

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