On October 14, 2026, GM Financial Consumer Automobile Receivables Trust 2026-4, a newly formed issuing entity, completed the issuance of $993,070,000 in asset-backed notes (ABS notes). The transaction was facilitated by AFS SenSub Corp., acting as the depositor, and AmeriCredit Financial Services, Inc. d/b/a GM Financial, serving as the sponsor.
The offering consisted of seven distinct classes of debt securities, with varying interest rates and principal amounts. The Class A-1 notes, carrying a 4.258% interest rate, were issued for $198,000,000. The Class A-2-A notes, priced at 4.78%, totaled $280,610,000. A separate tranche of floating-rate notes, Class A-2-B, was issued for $75,000,000. The Class A-3 notes, with a 5.26% coupon, were valued at $355,610,000. Additionally, the Class A-4 notes were issued for $74,180,000 at a 5.36% rate. The Class B notes, priced at 5.54%, amounted to $16,710,000. Finally, the Class C notes, with a 5.64% interest rate, were issued for $15,670,000.
The total principal amount of the notes issued was $993,070,000. The notes were registered under a Securities and Exchange Commission filing with file number 333-275606. The filing was made to satisfy an undertaking to file unqualified validity and tax opinions at the time of the issuance. Legal counsel for the registrants was Katten Muchin Rosenman LLP, which provided the opinions on validity and tax matters, which are attached as exhibits to the filing.
