World Omni Auto Receivables LLC Closes $1.011B Auto ABS Issuance

What Happened

• World Omni Auto Receivables LLC announced the closing of a securitization transaction on August 26, 2026. The issuing vehicle, World Omni Auto Receivables Trust 2026-C, issued Asset‑Backed Notes (Classes A-1, A-2a, A-2b, A-3, A-4, B and C) with an aggregate original principal amount of $1,011,080,000.
• Under the transaction, World Omni Financial Corp. sold specified motor vehicle retail installment sale contracts to the Depositor (World Omni Auto Receivables LLC), which were then transferred to the Issuing Entity. World Omni Financial Corp. will act as servicer and administrator; Wilmington Trust is owner trustee; U.S. Bank Trust Company, N.A. is indenture trustee; U.S. Bank N.A. is account bank; Clayton Fixed Income Services LLC is the asset representations reviewer.
• Key transaction documents — including the Receivables Purchase Agreement, Sale and Servicing Agreement, Indenture, Trust Agreement and Administration and Asset Representations Review agreements — were executed on the Closing Date and filed as exhibits to the 8-K.

Key Details

• Closing date: August 26, 2026.
• Total notes issued: $1,011,080,000 (Classes A-1, A-2a, A-2b, A-3, A-4, B, C).
• Servicer/Administrator: World Omni Financial Corp.; Owner Trustee: Wilmington Trust, N.A.; Indenture Trustee: U.S. Bank Trust Company, N.A.; Account Bank: U.S. Bank N.A.; Asset reviewer: Clayton Fixed Income Services LLC.
• Interest will be distributed on each Payment Date; monthly principal reductions allocated according to the Indenture and Sale and Servicing Agreement waterfall.

Why It Matters

• This securitization provides World Omni with a major source of funding by converting auto retail installment contracts into marketable asset‑backed notes, supporting liquidity and potential continued originations.
• Investors should note the financing structure transfers the receivables to a trust and establishes multiple note classes with differing payment priority — details and priorities are defined in the Indenture and Sale & Servicing Agreement (filed as exhibits).
• World Omni remains the servicer, so performance of the underlying receivables and any triggers for the asset representations review (handled by Clayton) will affect cash flows to noteholders and, indirectly, the company’s funding stability.