Toyota Auto Finance Receivables
Filed: 12 Nov 21, 4:36pm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
|Date of report (Date of earliest event reported): November 9, 2021|
TOYOTA AUTO RECEIVABLES 2021-D OWNER TRUST
|(Exact name of Issuing Entity as specified in its charter)|
TOYOTA AUTO FINANCE RECEIVABLES LLC
|(Exact name of Depositor/Registrant as specified in its charter)|
TOYOTA MOTOR CREDIT CORPORATION
|(Exact name of Sponsor as specified in its charter)|
|(State or Other Jurisdiction of Incorporation)|
|(Commission File Number)||(IRS Employer Identification No.)|
6565 Headquarters Drive, W2-3D, Plano, Texas
|(Address of Principal Executive Offices)||(Zip Code)|
|Registrant’s telephone number, including area code: (469) 486-9020|
|(Former Name or Former Address, if Changed Since Last Report)|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|[ ]||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|[ ]||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|[ ]||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|[ ]||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange on which registered
|Not applicable||Not applicable||Not applicable|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
|If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.||☐|
Entry into a Material Definitive Agreement.
On or about November 15, 2021, Toyota Auto Finance Receivables LLC will transfer certain motor vehicle retail installment sales contracts (the “Receivables”) to Toyota Auto Receivables 2021-D Owner Trust (the “Trust”). The Trust will grant a security interest in the Receivables to U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”), and will issue: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $325,000,000; (ii) Class A-2 Asset-Backed Notes in the aggregate original principal amount of $544,000,000; (iii) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $544,000,000; (iv) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $147,000,000; and (v) Class B Asset-Backed Notes in the aggregate original principal amount of $40,000,000 (collectively, the “Notes”). This Current Report on Form 8-K is being filed to file executed copies of the Underwriting Agreement and the Depositor Certification and forms of the Amended and Restated Trust Agreement, Indenture, Sale and Servicing Agreement, Receivables Purchase Agreement, Administration Agreement, Securities Account Control Agreement and Asset Representations Review Agreement (as listed below) to be executed.
Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|TOYOTA AUTO FINANCE RECEIVABLES LLC|
/s/ Stephen Bishop
Date: November 12, 2021