Bridgecrest Auto Funding LLC 8-K

What Happened

• Bridgecrest Auto Funding LLC (BAF) and Bridgecrest Acceptance Corporation (BAC) entered an Underwriting Agreement (dated Jan 21, 2026) with Deutsche Bank Securities Inc., as lead underwriter, for the sale of asset‑backed notes to be issued by Bridgecrest Lending Auto Securitization Trust 2026‑1.
• The offering includes publicly registered notes with the following coupon rates: Class A‑1 3.906%, Class A‑2 4.10%, Class A‑3 4.04%, Class B 4.25%, Class C 4.44% and Class D 4.99%. The Issuer will initially retain the Class E 6.63% notes. The closing/expected issuance date is January 28, 2026.
• On the closing date the parties will transfer motor‑vehicle retail installment sales contracts (the receivables) into a newly formed Issuer and a Grantor Trust and will enter standard securitization documents (purchase agreement, sale and servicing agreement, receivables contribution agreement, indenture and administration agreement). Computershare Trust Company, N.A. is named as indenture trustee; Wilmington Trust serves trustee roles; Clayton Fixed Income Services LLC is the asset representations reviewer. The company filed the transaction documents and a CEO certification required under Form SF‑3 as exhibits to the 8‑K.

Key Details

• Underwriting Agreement executed Jan 21, 2026; offering expected to close Jan 28, 2026.
• Publicly registered notes: A‑1 3.906%, A‑2 4.10%, A‑3 4.04%, B 4.25%, C 4.44%, D 4.99%; Issuer retains Class E 6.63%.
• Issuer: Bridgecrest Lending Auto Securitization Trust 2026‑1 (Delaware statutory trust); receivables transferred into Issuer/Grantor Trust to secure the notes under an Indenture.
• Lead underwriter: Deutsche Bank Securities Inc.; transaction documents and CEO certification (Exhibit 36.1) were filed with the 8‑K.

Why It Matters

• This filing documents a securitization financing: Bridgecrest is packaging and selling auto‑loan receivables to investors by issuing asset‑backed notes. That raises financing and liquidity for the business without issuing equity.
• For investors, the key facts are the note classes and coupon rates, the Jan 28, 2026 expected closing, and that the notes will be secured by auto‑loan receivables held in the trust. The transaction primarily affects credit/ABS investors and the company’s funding structure rather than equity holders directly.
• The filed agreements and CEO certification indicate the transaction documents are substantially final and the offering is proceeding under a previously filed Form SF‑3 registration.