WORLD OMNI AUTO RECEIVABLES LLC 8-K

What Happened
World Omni Auto Receivables LLC (the Depositor) and World Omni Financial Corp. entered an Underwriting Agreement (filed as an exhibit) with Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC as representatives of the underwriters to sell $615,190,000 aggregate principal of asset-backed notes issued by World Omni Select Auto Trust 2026‑A. The offering is registered on Form SF‑3 (Registration No. 333-283578) and the Issuance Date is anticipated to be on or about July 29, 2026. World Omni and the Depositor agreed to indemnify the underwriters against certain liabilities, including civil liabilities under the Securities Act.

Key Details

• Total notes to be issued: $615,190,000 aggregate principal, split into tranches:
  • Class A-1: $117,600,000
  • Class A-2a: $206,940,000
  • Class A-2b: $40,000,000
  • Class A-3: $186,940,000
  • Class B: $29,260,000
  • Class C: $34,450,000
• Underwriters (Mizuho, MUFG, Wells Fargo) agreed severally to purchase the full offering on a firm-commitment basis, subject to customary closing conditions.
• Transaction documents (Receivables Purchase Agreement, Sale & Servicing Agreement, Indenture, Trust Agreement, Administration Agreement, Asset Representations Review Agreement) are being filed in substantially final form; legal opinions and the Depositor CEO’s SF‑3 certification are included as exhibits.
• Issuance and transfer structure: World Omni will sell specified motor‑vehicle retail installment contracts to the Depositor, which will transfer assets to the issuing trust; World Omni will act as servicer/administrator.

Why It Matters
This 8‑K documents a securitization that will raise roughly $615 million of financing backed by auto retail installment contracts. For investors, the filing signals that World Omni is using asset‑backed securitization to fund receivables and manage liquidity/capital — not a corporate earnings or management change. The offering creates tranche‑rated exposure for note investors (senior A tranches through subordinate C tranche) and places credit risk on the noteholders tied to the performance of the underlying auto loans. The firm underwriting commitment and registration under Form SF‑3 indicate the offering is structured for a public sale with standard legal protections for underwriters.