WORLD OMNI AUTO RECEIVABLES LLC 8-K

What Happened
World Omni Auto Receivables LLC (the Depositor) and World Omni Financial Corp. (as servicer) announced an underwriting agreement with BofA Securities, Mizuho Securities USA, Truist Securities and U.S. Bancorp Investments to underwrite $1,296,630,000 aggregate principal of asset‑backed notes issued by World Omni Auto Receivables Trust 2026‑B. The offering is registered on Form SF‑3 (File No. 333‑283578); the Issuance Date is anticipated to be on or about May 13, 2026. The underwriting agreement contains standard conditions, indemnities and a “all‑or‑none” purchase obligation among the underwriters.

Key Details

• Underwriters: BofA Securities, Inc.; Mizuho Securities USA LLC; Truist Securities, Inc.; U.S. Bancorp Investments, Inc. (as representatives).
• Offer structure / amounts: Class A‑1 $268,000,000; Class A‑2a $250,000,000; Class A‑2b $199,140,000; Class A‑3 $449,140,000; Class A‑4 $90,860,000; Class B $39,490,000 (these six are the publicly offered “Underwritten Notes” totaling $1,296,630,000). Class C $19,740,000 will be retained by the registrant or affiliates (not publicly offered).
• Related documents: final prospectus dated May 5, 2026; Trust Agreement, Receivables Purchase Agreement, Sale & Servicing Agreement, Indenture, Administration Agreement, and Asset Representations Review Agreement (to be effective on the Issuance Date). Legal and tax opinions from Mayer Brown LLP and a CEO certification were filed as exhibits.

Why It Matters
This filing signals a securitization of motor‑vehicle retail installment contracts by World Omni, transferring a pool of auto loans into a trust and issuing multiple classes of ABS to investors. The public classes raise $1.29663 billion of funded debt while the registrant retains the small Class C tranche (first loss/equity position), meaning World Omni or its affiliates keep initial exposure to credit losses. Investors should note the issuance size, class priority and that the offering is registered and supported by customary underwriting protections and legal opinions—key facts for assessing the deal’s structure and where credit risk sits.