NISSAN AUTO RECEIVABLES Co II LLC 8-K

What Happened
On May 27, 2026, Nissan Auto Receivables Company II LLC (NARC II) and Nissan Motor Acceptance Company LLC (NMAC) closed a transaction transferring retail motor‑vehicle installment sales contracts (new, near‑new and used automobiles and light‑duty trucks) to a newly formed trust, Nissan Auto Receivables 2026‑A Owner Trust (the Issuing Entity). The Issuing Entity issued asset‑backed notes under an Indenture totaling $1,268,450,000 across multiple classes and sold those notes to a syndicate of underwriters. Related agreements executed at closing include the Purchase Agreement, Sale and Servicing Agreement, Administration Agreement, Asset Representations Review Agreement, Securities Account Control Agreement and an Amended and Restated Trust Agreement. The notes were registered under the Securities Act (Form SF‑3, File No. 333‑279448).

Key Details

• Closing date: May 27, 2026. The transaction involved transfer of retail auto loan receivables from NMAC to the Issuing Entity.
• Aggregate principal amount of Notes issued: $1,268,450,000, broken down as: Class A‑1 $260,000,000; A‑2a $240,000,000; A‑2b $198,130,000; A‑3 $438,130,000; A‑4 $93,750,000; Class B $21,140,000; Class C $17,300,000.
• Underwriters (buyers of the Notes) included Wells Fargo Securities, MUFG Securities Americas, Mizuho Securities USA, U.S. Bancorp Investments, BNP Paribas Securities, BofA Securities, Citigroup Global Markets and Lloyds Securities.
• Ancillary parties: Wilmington Trust as owner trustee, U.S. Bank Trust Company as certificate registrar/paying agent and indenture trustee, Clayton Fixed Income Services as asset representations reviewer.

Why It Matters
This is a securitization (sale of auto loan receivables) that raises funding for Nissan’s captive finance affiliate (NMAC) by converting retail auto loans into marketable asset‑backed securities (ABS). For investors, the filing signals financing activity and liquidity management by NMAC and introduces a new set of publicly registered ABS classes to the market. For retail equity investors, this transaction does not change equity stakes or report operating results, but it is relevant for those tracking credit markets, ABS supply, or the financing stability of Nissan’s consumer finance operations.