NISSAN AUTO RECEIVABLES Co II LLC Files Prospectus for $1.286B Notes

What Happened

• NISSAN AUTO RECEIVABLES Co II LLC filed an 8-K on September 24, 2026, disclosing a prospectus dated September 22, 2026, for the Nissan Auto Receivables 2026-B Owner Trust.
• The prospectus describes the receivables pool and the planned structure of multiple classes of asset-backed notes with aggregate principal amounts totaling approximately $1,285,670,000.

Key Details

• The offering includes the following classes and aggregate principal amounts:
  • Class A-1: $276,000,000
  • Class A-2a: $364,600,000
  • Class A-2b: $80,000,000
  • Class A-3: $444,600,000
  • Class A-4: $81,500,000
  • Class B: $21,430,000
  • Class C: $17,540,000
• Prospectus dated: September 22, 2026; 8-K filed: September 24, 2026.
• The filing also includes legal and tax opinions from Mayer Brown LLP dated September 24, 2026.

Why It Matters

• This 8-K signals a securitization transaction: Nissan is packaging auto loan receivables into an Owner Trust and proposing multiple classes of asset-backed notes to investors.
• The size and structure (several senior and subordinated note classes) are key for understanding potential priorities of payment and credit protection among investors.
• Retail investors should note this is a disclosure of the offering structure and legal/tax opinions; it is not a statement of sale closing, pricing, or performance of the underlying loans.