HYUNDAI ABS FUNDING LLC 8-K

What Happened

• Hyundai ABS Funding, LLC (HABS) filed an 8-K reporting that, on June 9, 2026, it entered into an Underwriting Agreement with Hyundai Capital America (HCA) and Citigroup Global Markets Inc., as representative of the underwriters, to sell Asset Backed Notes with an aggregate principal balance of $2,187,070,000.
• The Notes (classes A-1, A-2-A, A-2-B, A-3, A-4, B and C) are expected to be issued on or about the Closing Date, June 17, 2026. The offering is registered on Form SF-3 (File No. 333-284087).

Key Details

• Aggregate principal amount: $2,187,070,000 across seven classes of Notes (A-1 through C).
• Parties: HABS (depositor), HCA (seller/servicer/administrator), Citigroup Global Markets Inc. (underwriters’ representative), U.S. Bank Trust National Association (Owner Trustee), Citibank, N.A. (Indenture Trustee).
• Transaction documents to be dated as of the Closing Date and filed: Receivables Purchase Agreement, Amended & Restated Trust Agreement, Sale & Servicing Agreement, Indenture, Owner Trust Administration Agreement, and Asset Representations Review Agreement.
• Collateral: retail installment sale contracts for new and used automobiles, light‑duty trucks and minivans transferred from HCA to HABS and then to Hyundai Auto Receivables Trust 2026-B.

Why It Matters

• This filing documents a securitization that converts Hyundai Capital America’s auto loan receivables into $2.187B of marketable asset‑backed notes, providing a structured funding transaction for HCA and offering investors exposure to auto loan receivables.
• The registration on Form SF‑3, the trustee and servicing arrangements, and the filing of the transaction agreements (including the Indenture and Receivables Purchase Agreement) establish the legal and operational framework for the notes and are material disclosures for prospective investors and market participants.