GMF Leasing LLC Announces $1.0005B Asset-Backed Notes Offering

What Happened

• GMF Leasing LLC filed an 8-K (Aug 6, 2026) reporting that a new issuing entity, GM Financial Automobile Leasing Trust 2026-3, will issue approximately $1,000,530,000 of asset‑backed notes secured primarily by a pool of automobile, light truck and utility vehicle leases. The Publicly Offered Notes will be sold to a syndicate of underwriters and the offering is expected to close on August 13, 2026. GM Financial (AmeriCredit Financial Services, d/b/a GM Financial) is sponsor and servicer.

Key Details

• Note classes and amounts/coupons: Class A-1 $137,220,000 (4.002%); Class A-2-A $295,000,000 (4.33%); Class A-2-B $90,220,000 (floating rate); Class A-3 $315,180,000 (4.53%); Class A-4 $67,860,000 (4.62%); Class B $49,450,000 (4.71%); Class C $45,600,000 (4.82%).
• Closing and documents: Offering closing date Aug 13, 2026; Underwriting Agreement dated Aug 4, 2026; Indenture and Trust Agreement dated June 30, 2026. Publicly Offered Notes are registered under Registration Statement No. 333-285619.
• Structure and collateral flow: A Titling Trust (ACAR Leasing Ltd.) will issue an Exchange Note backed by a designated lease pool; GM Financial will sell the Exchange Note to the Depositor, which transfers it to the Issuing Entity; the Issuing Entity issues the Notes and grants a security interest in the Exchange Note and other collateral.
• Servicing and reviews: GM Financial will serve as servicer and custodian of the lease assets; Clayton Fixed Income Services LLC will perform asset‑representations reviews.

Why It Matters

• This filing documents a securitization that converts a pool of auto lease receivables into tradable asset‑backed notes, providing funding to GM Financial’s leasing platform. For investors, it signals a new ABS issuance (about $1.0005B) with specified class sizes and coupon rates, and identifies the servicer, trustees and underwriters responsible for the deal.
• Key risk drivers for note holders will be the performance of the underlying lease assets (payments, vehicle residuals, defaults) and the deal’s structural protections; the 8-K primarily describes the transaction mechanics and parties, not GM Financial’s operating results.