Hyundai Auto Receivables Trust 2026-C filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 17, 2026, to announce the execution of an underwriting agreement. The filing details the sale of asset-backed notes related to retail installment sale contracts for automobiles and light-duty vehicles.
The transaction involves Hyundai ABS Funding, LLC acting as the depositor and Hyundai Capital America serving as the sponsor. On September 15, 2026, Hyundai ABS Funding, Hyundai Capital America, and J.P. Morgan Securities LLC entered into an Underwriting Agreement. Under this agreement, the underwriters agreed to purchase notes in the following classes: Class A-1, Class A-2-A, Class A-2-B, Class A-3, Class A-4, Class B, and Class C. The aggregate principal balance of these notes is $2,066,160,000.
The notes are scheduled to be issued on or about September 23, 2026, which is designated as the Closing Date. The filing indicates that the notes have been registered under the Securities Act of 1933, as amended, under a Registration Statement on Form SF-3.
In addition to the underwriting agreement, the registrant disclosed several other agreements to be dated on the Closing Date. These include a Receivables Purchase Agreement between Hyundai ABS Funding and Hyundai Capital America, an Amended and Restated Trust Agreement, a Sale and Servicing Agreement, an Indenture, and an Owner Trust Administration Agreement. The filing also lists an Asset Representations Review Agreement among the Trust, Hyundai Capital America, and Clayton Fixed Income Services LLC.
