What changed
BMW Auto Leasing LLC and BMW Financial Services NA, LLC entered an underwriting agreement on October 7, 2026 with BofA Securities for notes of BMW Vehicle Lease Trust 2026-2: Class A-1 at $223,000,000, Class A-2a at $305,600,000, Class A-2b at $175,000,000, Class A-3 at $480,600,000, and Class A-4 at $65,800,000. The notes total $1,249,000,000 in original principal and issue on or about October 14, 2026. The deal is structured through a SUBI certificate transferred from BMW Manufacturing to BMW LLC and then to the Trust, with BMW FS as servicer and sponsor.
Why it matters
BMW Auto Leasing LLC and BMW Financial Services NA, LLC entered an underwriting agreement on October 7, 2026 with BofA Securities for notes of BMW Vehicle Lease Trust 2026-2: Class A-1 at $223,000,000