Nissan Auto Receivables Co II LLC Issues $1.286B Asset-Backed Notes

What Happened

• Nissan Auto Receivables Company II LLC (NARC II) and Nissan Motor Acceptance Company LLC (NMAC) announced an Underwriting Agreement (dated Sept. 22, 2026) with Mizuho Securities USA LLC and other underwriters to issue notes through Nissan Auto Receivables 2026-B Owner Trust. The Notes, issued in multiple classes (Class A-1 through Class C), have an aggregate principal balance of $1,285,670,000 and are registered on Form SF-3 (Registration No. 333-279448). The offering is expected to close on or about Sept. 30, 2026.
• On the anticipated Closing Date, NMAC will sell certain retail installment sales contracts (receivables) for new, near-new and used automobiles and light‑duty trucks to NARC II/the Issuing Entity, and the Issuing Entity will enter into related trust, indenture, sale & servicing, administration and account-control agreements to support the issuance of the Notes. The CEO’s depositor certification required for SF‑3 shelf offerings is filed as Exhibit 36.1.

Key Details

• Aggregate principal amount of Notes: $1,285,670,000.
• Underwriting Agreement date: September 22, 2026; anticipated Closing Date: on or about September 30, 2026.
• Assets being securitized: retail installment sales contracts for new, near‑new and used cars and light‑duty trucks.
• Key parties: NARC II (depositor), NMAC (seller/servicer/administrator), Mizuho Securities USA LLC (underwriter representative), Wilmington Trust and U.S. Bank affiliates (trustee/agents).

Why It Matters

• This filing documents a securitization transaction that raises cash by packaging and selling auto loan receivables as asset-backed notes. For investors, it signals a funding activity by NMAC/NARC II that provides liquidity to support auto lending operations. The Notes will be available to debt investors and are structured via standard trust, indenture and servicing arrangements as described in the filing.