Toyota Auto Finance Receivables LLC

10/15/2024 | Press release | Distributed by Public on 10/15/2024 10:24

Material Event Form 8 K

Item 1.01
Entry into a Material Definitive Agreement.
On October 10, 2024, Toyota Auto Finance Receivables LLC ("TAFR LLC") and Toyota Motor Credit Corporation ("TMCC") entered into an Underwriting Agreement with Mizuho Securities USA LLC, Barclays Capital Inc., MUFG Securities Americas Inc. and RBC Capital Markets, LLC, acting on behalf of themselves and as representatives of the several underwriters named therein, for the sale of certain notes of Toyota Auto Receivables 2024-D Owner Trust, a Delaware statutory trust (the "Trust"). The Trust will issue the following classes of notes in the following amounts: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $349,000,000; (ii) Class A-2a Asset-Backed Notes in the aggregate original principal amount of $265,000,000; (iii) Class A-2b Asset-Backed Notes in the aggregate original principal amount of $397,500,000; (iv) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $597,500,000; (v) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $97,250,000; and (vi) Class B Asset-Backed Notes in the aggregate original principal amount of $43,750,000 (collectively, the "Notes") on or about October 17, 2024 (the "Closing Date"). Attached as Exhibit 1.1 is the Underwriting Agreement.