Capital One Auto Receivables, LLC has entered into an underwriting agreement to issue asset-backed securities (ABS) through Capital One Prime Auto Receivables Trust 2026-1. The transaction, dated September 9, 2026, involves the sale of various classes of notes to investors, with the closing expected to occur on or about September 17, 2026.
The offering includes four classes of publicly registered notes. The Class A-2-A notes carry a fixed rate of 4.48% and have an initial principal amount of $543,760,000. The Class A-2-B notes are linked to the Secured Overnight Financing Rate (SOFR) plus 0.37%, with an initial amount of $150,000,000. The Class A-3 notes have a fixed rate of 4.77% and an initial principal amount of $693,760,000. The Class A-4 notes carry a fixed rate of 4.88% and an initial principal amount of $112,480,000.
In addition to the publicly registered notes, the Issuing Entity will issue a series of retained notes. These include $336,400,000 of Class A-1 notes, $28,620,000 of Class A-2-A notes, $7,900,000 of Class A-2-B notes, $36,520,000 of Class A-3 notes, $5,930,000 of Class A-4 notes, and $19,740,000 each of Class B, Class C, and Class D notes.
The total aggregate principal balance of all notes issued in this transaction is $1,974,590,000. The transaction involves the transfer of motor vehicle retail installment sales contracts for new or used automobiles, light-duty trucks, SUVs, and vans from Capital One, National Association to the trust.
