Hyundai Auto Receivables Trust 2026-C filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 23, 2026. The filing reports the issuance and sale of a portion of a series of notes, collectively referred to as the “Notes,” which were issued on that same date. The notes are registered under a Registration Statement on Form SF-3 (Commission File No. 333-284087).
The transaction involves the transfer of retail installment sale contracts to Hyundai ABS Funding, LLC (HABS) from Hyundai Capital America (HCA). The contracts relate to the sale of new and used automobiles, light-duty trucks, and minivans. These assets, along with related property, are being transferred to Hyundai Auto Receivables Trust 2026-C (the Trust) to serve as the underlying collateral for the Notes.
The filing outlines the execution of several definitive agreements dated September 23, 2026, to facilitate this transaction. These agreements include a Receivables Purchase Agreement between HABS and HCA, an Amended and Restated Trust Agreement among HABS, U.S. Bank Trust National Association (the Owner Trustee), and HCA, and a Sale and Servicing Agreement among the Trust, HABS, HCA, and Citibank, N.A. (the Indenture Trustee). Additionally, the Trust entered into an Owner Trust Administration Agreement with HCA and an Asset Representations Review Agreement with Clayton Fixed Income Services LLC.
The notes issued on the Closing Date are classified into several tranches: Class A-1, Class A-2-A, Class A-2-B, Class A-3, Class A-4, Class B, and Class C. The filing also references a Final Prospectus dated September 15, 2026, which describes the terms of the Notes.
