World Omni Auto Leasing LLC 8-K

What Happened

• On March 25, 2026, World Omni Auto Leasing LLC (the Depositor) closed a securitization transaction establishing World Omni Automobile Lease Securitization Trust 2026‑A (the Issuing Entity). The Issuing Entity issued asset‑backed notes with an aggregate original principal amount of $1,143,320,000 (Classes A, B and C) under an Indenture dated as of the Closing Date.
• As part of the transaction, an exchange note secured by a pool of leases and leased vehicles was created and transferred from Auto Lease Finance LLC (Initial Beneficiary) to the Depositor and then to the Issuing Entity. World Omni Financial Corp. will serve as servicer and administrator; U.S. Bank Trust National Association is the Owner Trustee and The Bank of New York Mellon Trust Company, N.A. is the Indenture Trustee.

Key Details

• Closing date: March 25, 2026.
• Total issuance: $1,143,320,000 in asset‑backed Notes (Class A-1, A-2a, A-2b, A-3, A-4, Class B and Class C).
• Roles/parties: Depositor — World Omni Auto Leasing LLC; Servicer/Administrator — World Omni Financial Corp.; Owner Trustee — U.S. Bank Trust National Association; Indenture Trustee/Account Bank — BNY Mellon; Asset Representations Reviewer — Clayton Fixed Income Services LLC.
• Cash flow mechanics: Interest will be paid on each Payment Date; monthly principal reductions will be allocated to the Notes per the Indenture priorities.

Why It Matters

• This transaction packages and finances a pool of vehicle leases, providing World Omni with substantial funding ($1.143B) sourced from the issuance of asset‑backed notes rather than bank loans or equity. For investors, the filing documents a new financed receivable structure that may affect the company’s funding profile and liquidity.
• The agreements name the servicer, trustees and reviewer, and establish how interest and principal will be distributed — key operational details that determine payment priority and credit structure for noteholders.