TOYOTA AUTO FINANCE RECEIVABLES LLC 8-K

What Happened
Toyota Auto Finance Receivables LLC (TAFR LLC) filed an 8-K reporting that, on January 13, 2026, it and Toyota Motor Credit Corporation (TMCC) entered an Underwriting Agreement with several lead underwriters (including BNP Paribas, Credit Agricole, Lloyds, MUFG and SG Americas) to sell notes issued by Toyota Auto Receivables 2026-A Owner Trust. The Trust is expected to issue six classes of asset-backed notes on or about the planned Closing Date of January 21, 2026, backed by motor vehicle retail installment sales contracts (the Receivables). The filing also notes that the related transaction documents (receivables purchase, sale and servicing, indenture, administration and other agreements) will be entered into at closing and the forms of those agreements are included as exhibits.

Key Details

• Total principal amount of Notes: $1,900,000,000, divided as: Class A-1 $383,000,000; A-2a $470,000,000; A-2b $202,800,000; A-3 $672,800,000; A-4 $123,900,000; Class B $47,500,000.
• Underwriting Agreement dated January 13, 2026; expected Closing Date on or about January 21, 2026.
• Transaction structure: TMCC will sell auto loan receivables to TAFR LLC, which will transfer them to the Trust; TMCC will act as servicer and sponsor.
• The filing includes the forms of the principal agreements and a Depositor Certification (Exhibit 36.1) required for the shelf offering.

Why It Matters
This 8-K documents a securitization through which auto loans originated or held by TMCC will be packaged and sold as asset-backed notes, providing funding and liquidity to Toyota Motor Credit’s financing operations. For investors, the filing signals the planned issuance size ($1.9B), the classes of notes available, the timeline for closing, and that standard trust, servicing and trustee agreements have been prepared and filed. The document does not include pricing, interest rates, credit enhancements or ratings—those details will determine investor return and risk at pricing/closing.