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TOYOTA AUTO RECEIVABLES 2014-B OWNER TRUST FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

June 18, 2014



Item 1.01 Entry into a Material Definitive Agreement.

On June 18, 2014, Toyota Auto Finance Receivables LLC transferred certain motor vehicle retail installment sales contracts (the "Receivables") to Toyota Auto Receivables 2014-B Owner Trust (the "Trust"). The Trust granted a security interest in the Receivables to Deutsche Bank Trust Company Americas, as indenture trustee (the "Indenture Trustee"), and issued: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $427,000,000; (ii) Class A-2 Asset-Backed Notes in the aggregate original principal amount of $485,000,000; (iii) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $401,000,000; (iv) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $149,500,000; and (v) Class B Asset-Backed Notes in the aggregate original principal amount of $37,500,000 (collectively, the "Notes"). This Current Report on Form 8-K is being filed to file a copy of the Amended and Restated Trust Agreement, Indenture, Sale and Servicing Agreement, Receivables Purchase Agreement, Administration Agreement and Securities Account Control Agreement (as listed below) executed in connection with the issuance of the Notes.

Item 9.01. Financial Statements and Exhibits (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits: 1.1* Underwriting Agreement, dated June 10, 2014, among Toyota Auto Finance Receivables LLC ("TAFR LLC"), Toyota Motor Credit Corporation ("TMCC"), and RBS Securities Inc., Barclays Capital Inc. and J.P. Morgan Securities LLC, acting on behalf of themselves and as representatives of the several underwriters named in the agreement. 4.1 Amended and Restated Trust Agreement, dated as of June 18, 2014, between TAFR LLC and Wells Fargo Delaware Trust Company, National Association, as owner trustee. 4.2 Indenture, dated as of June 18, 2014, among the Trust, the Indenture Trustee and Deutsche Bank Trust Company Americas, as securities intermediary. 4.3 Sale and Servicing Agreement, dated as of June 18, 2014, among TAFR LLC, as seller, TMCC, as servicer and sponsor, and the Trust, as issuer. 4.4 Receivables Purchase Agreement, dated as of June 18, 2014, between TAFR LLC, as purchaser, and TMCC, as seller. 4.5 Administration Agreement, dated as of June 18, 2014, among TMCC, as administrator, the Trust, as issuer, and the Indenture Trustee. 4.6 Securities Account Control Agreement, dated as of June 18, 2014, between TAFR LLC, as pledgor, and the Indenture Trustee, as secured party.



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* Previously filed on Form 8-K on June 12, 2014.

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Source: Edgar Glimpses