Bridgecrest Auto Funding LLC: enters into receivables securitization

What happened

• The filing says Bridgecrest Acceptance Corporation (“BAC”) and Bridgecrest Auto Funding LLC (“BAF”) entered into a Purchase Agreement dated Oct 22, 2026, transferring certain motor vehicle retail installment sales contracts (the “Receivables”) and related property to BAF.
• The filing says Bridgecrest Lending Auto Securitization Trust 2026-4 (the “Issuer”) and Bridgecrest Lending Auto Securitization Grantor Trust 2026-4 (the “Grantor Trust”) were governed by amended and restated trust agreements dated Oct 22, 2026, and that the Issuer, the Grantor Trust, BAC and others entered into related Sale and Servicing, Receivables Contribution, Asset Representations Review, Indenture and Administration agreements on the Closing Date.
• The filing says the Issuer caused the issuance of notes under the Indenture, including Class A-1 4.370% notes, Class A-2 4.86% notes, Class A-3 5.10% notes, Class B 5.41% notes, Class C 5.85% notes, Class D 6.46% notes (the “Publicly Registered Notes”) and Class E 8.38% notes.
• The filing says the Publicly Registered Notes were sold to Wells Fargo Securities, LLC, BMO Capital Markets Corp., Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. under an Underwriting Agreement dated Oct 8, 2026, and were registered under a Registration Statement on Form SF-3 (Commission File No. 333-297422).

Key details

• Purchase Agreement date: Oct 22, 2026, between BAC and BAF transferring the Receivables.
• Class E Notes: aggregate principal amount of $64,840,000 issued to BAF on the Closing Date and sold to Qualified Institutional Buyers pursuant to Rule 144A.
• Interest rates: Class A-1 4.370%, Class A-2 4.86%, Class A-3 5.10%, Class B 5.41%, Class C 5.85%, Class D 6.46%, Class E 8.38%.
• BAC agreed to act as servicer and administrator; the Issuer and the Grantor Trust granted a security interest in the Receivables to secure the Notes.

Why it may matter

• The filing reports Item 1.01 (entry into material definitive agreements) and Item 8.01 (other events). It covers the transfer of motor vehicle receivables into newly established securitization trusts, the issuance of multiple classes of asset-backed notes secured by those receivables, and the sale of the Class E Notes to Qualified Institutional Buyers.
• The filing does not show why the insider traded or why the company acted.