Volkswagen Auto Lease Trust 2026-B has entered into definitive agreements to issue asset-backed notes. According to a Form 8-K filed with the Securities and Exchange Commission on September 22, 2026, the transaction closed on that same date.
The notes issued include Class A-1, Class A-2-A, Class A-2-B, Class A-3, and Class A-4 notes. The aggregate initial principal amount of these securities is $991,830,000. The notes were registered under the Securities Act of 1933 pursuant to a Registration Statement on Form SF-3.
The transaction involves several entities, including Volkswagen Auto Lease/Loan Underwritten Funding, LLC as the Depositor, and VW Credit, Inc. as the Sponsor. The Issuing Entity is Volkswagen Auto Lease Trust 2026-B. Key parties to the agreements include Deutsche Bank Trust Company Delaware as the Owner Trustee, Citibank, N.A. as the Indenture Trustee, and U.S. Bank Trust Company, National Association as the SUBI Trustee.
The notes are backed by retail automobile leases and related Volkswagen and Audi leased vehicles. Volkswagen Credit, Inc. serves as the servicer and administrator for the transaction. An Asset Representations Review Agreement was also executed with Clayton Fixed Income Services LLC to review representations related to the underlying assets.
