NISSAN AUTO LEASING LLC II 8-K

What Happened

• Nissan Auto Leasing LLC II (NALL II) filed an 8‑K on July 23, 2026 reporting it and Nissan Motor Acceptance Company LLC (NMAC) entered an Underwriting Agreement with Citigroup Global Markets Inc. to issue notes of Nissan Auto Lease Trust 2026‑B. The notes have an aggregate scheduled principal balance of $1,289,740,000 and are expected to be issued on or about July 29, 2026.
• The transaction creates a 2026‑B Series in Nissan‑Infiniti LT LLC (NILT LLC will direct the allocation of closed‑end retail vehicle lease contracts and the related vehicles). NILT LLC will sell a certificate representing the 2026‑B Series interest to NALL II, which will transfer that certificate to the Issuing Entity (the trust). The Issuing Entity will issue the notes under an Indenture and engage NMAC for servicing and other administrative arrangements.

Key Details

• Aggregate scheduled principal: $1,289,740,000.
• Expected Closing Date: on or about July 29, 2026.
• Underwriter representative: Citigroup Global Markets Inc.; notes registered under Form SF‑3 (File No. 333-282606).
• Transaction parties include NALL II (transferor), NMAC (servicer/sponsor), NILT LLC (member/transferor of series), Wilmington Trust NA (owner trustee), and U.S. Bank (indenture trustee / securities intermediary roles).

Why It Matters

• This filing documents a securitization: retail vehicle lease contracts and related vehicles are being transferred into a trust and backed by newly issued notes. For investors, the deal provides an additional funded ABS (asset-backed securities) issuance tied to Nissan/Nissan‑Infiniti lease receivables.
• For Nissan Motor Acceptance Company LLC and related entities, the transaction is a funding and risk‑transfer mechanism that supports ongoing lending and leasing operations. The notes are registered under the Securities Act and the filing includes required seller/issuer certifications, which are relevant to compliance and investor disclosures.