AFS SENSUB CORP. 8-K

What Happened

• AFS SenSub Corp. (the depositor) and GM Financial (sponsor) caused GM Financial Consumer Automobile Receivables Trust 2026‑1 to issue approximately $1.25 billion of asset‑backed notes and an associated certificate on January 14, 2026. The Issuing Entity sold seven note classes (Classes A‑1 through A‑4, A‑2‑B floating rate, Class B and Class C) with stated interest rates ranging roughly from 3.737% to 4.39% (and one floating‑rate class).
• The Publicly Offered Notes will be registered under the registration statement and were marketed by an underwriting group led by BofA Securities (the Representative) along with Deutsche Bank, Scotia Capital, Wells Fargo, Academy Securities, CIBC, MUFG and RBC. The notes are secured primarily by “prime” automobile loan receivables (new and used cars, light trucks, utility vehicles).

Key Details

• Total issuance size: approximately $1,250.15 million across all note classes (sum of the amounts in the filing).
• Major classes and rates include: Class A‑1 $214.17M at 3.737%; Class A‑2‑A $291.11M at 3.77%; Class A‑3 $456.11M at 3.84%; plus other A classes, one floating A‑2‑B ($165.0M), Class B $20.58M (4.14%) and Class C $19.28M (4.39%).
• Transaction documents executed: Indenture (Citibank as Trustee), Amended & Restated Trust Agreement (Wilmington Trust as Owner Trustee), Purchase Agreement (AFS SenSub purchased receivables from GM Financial), Sale & Servicing Agreement (Issuing Entity purchased receivables; GM Financial is Servicer and Custodian).
• Clayton Fixed Income Services LLC engaged as Asset Representations Reviewer to test selected receivables for compliance with representations and warranties.

Why It Matters

• This filing reports a securitization that raises funding by packaging prime auto loans into rated debt tranches—important for investors considering exposure to consumer auto credit, structured finance, or GM Financial funding activities. The transaction transfers receivables into a trust and creates multiple senior and subordinated note classes with differing interest rates and risk levels.
• Retail investors should note the total size, tranche structure, stated coupon rates, and that servicing remains with GM Financial. Interested investors should review the offering materials, tranche seniority, credit support details and any available credit ratings before assessing investment risk in these notes.