CNH CAPITAL RECEIVABLES LLC·8-K

May 21, 12:49 PM ET

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CNH CAPITAL RECEIVABLES LLC 8-K

Research Summary

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CNH Capital Receivables LLC Announces $907.68M Asset‑Backed Note Offering

What Happened

  • CNH Capital Receivables LLC filed an 8-K reporting that CNH Equipment Trust 2026-B will publicly issue a total of $907.68 million of Class A asset‑backed notes on or about May 27, 2026. The offering consists of $190.0M of Class A‑1 Notes, $246.54M of Class A‑2a Notes, $105.66M of Class A‑2b Notes (together the Class A‑2 Notes), $302.2M of Class A‑3 Notes, and $63.28M of Class A‑4 Notes.
  • The offering is being made under the Trust’s Form SF‑3 registration statement (File No. 333‑286570), as amended and effective August 11, 2025, with a Prospectus dated May 19, 2026 to be filed on Form 424(b)(5). The lead managers (the Representatives) are Wells Fargo Securities, Rabo Securities USA, RBC Capital Markets, and SMBC Nikko Securities America.
  • The registrant filed the final form of an Underwriting Agreement dated May 19, 2026 in connection with the offering.

Key Details

  • Total principal amount: $907,680,000 across five Class A note tranches.
  • Expected public issuance date: on or about May 27, 2026.
  • Registration statement: Form SF‑3 (File No. 333‑286570), effective Aug 11, 2025; Prospectus dated May 19, 2026 (to be filed pursuant to Rule 424(b)(5)).
  • Lead managers: Wells Fargo Securities, LLC; Rabo Securities USA, Inc.; RBC Capital Markets, LLC; SMBC Nikko Securities America, Inc.

Why It Matters

  • This 8‑K documents a material financing transaction: the Trust is arranging a large asset‑backed note offering to raise financing. For investors, creditors, or counterparties, the filing signals use of the securitization market to fund assets associated with CNH Equipment Trust 2026‑B.
  • The filing of the Underwriting Agreement and prospectus details the terms and distribution plan for the notes, which may be relevant to secondary‑market participants and anyone tracking CNH‑related financing activity.

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