BMW Vehicle Lease Trust 2026-2 filed a Current Report on Form 8-K on October 14, 2026, disclosing the issuance of asset-backed notes. The filing details the execution of definitive agreements related to the sale of the notes and the transfer of vehicle lease certificates.
The Trust issued five classes of Asset-Backed Notes on the Closing Date of October 14, 2026. The aggregate original principal amount of the Notes is $1.25 billion, broken down by class as follows:
- Class A-1 Notes: $223,000,000
- Class A-2a Notes: $305,600,000
- Class A-2b Notes: $175,000,000
- Class A-3 Notes: $480,600,000
- Class A-4 Notes: $65,800,000
The transaction involves BMW Auto Leasing LLC as the depositor and BMW Financial Services NA, LLC as the sponsor and servicer. BMW Manufacturing L.P. acted as the grantor, transferring a certificate representing a beneficial interest in certain vehicle leases and related vehicles to BMW Auto Leasing LLC, which subsequently transferred it to the Trust.
The filing also lists the execution of ten specific agreements dated October 14, 2026, including an Indenture with U.S. Bank Trust Company, National Association as Indenture Trustee, and an Asset Representations Review Agreement with Clayton Fixed Income Services LLC.
