8-K: Toyota Auto Receivables 2026-D prices $1,900,000,000 in asset-backed notes

What changed

Toyota Auto Finance Receivables LLC and Toyota Motor Credit Corporation entered an underwriting agreement on October 9, 2026 for the sale of notes of Toyota Auto Receivables 2026-D Owner Trust. The notes comprise Class A-1 of $439,750,000, Class A-2a of $496,092,000, Class A-2b of $163,158,000, Class A-3 of $659,000,000, Class A-4 of $94,500,000, and Class B of $47,500,000, totaling $1,900,000,000. Closing is expected on or about October 15, 2026, when TMCC will transfer motor vehicle retail installment sales contracts to the trust and related servicing, indenture, and administration agreements take effect.

Why it matters