8-K 1 taot2026-c_form8k.htm CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC  20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): July 14, 2026 TOYOTA AUTO RECEIVABLES 2026-C 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) Delaware (State or Other Jurisdiction of Incorporation) 333-281727 333-281727-07 95-3775816 (Commission File Number) (IRS Employer Identification No.) 6565 Headquarters Drive, W2-3D, Plano, Texas 75024-5965 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (469) 486-9020 Not Applicable (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 Trading Symbol(s) 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. ☐ Item 1.01 Entry into a Material Definitive Agreement . On July 14, 2026, Toyota Auto Finance Receivables LLC (“TAFR LLC”) and Toyota Motor Credit Corporation (“TMCC”) entered into an Underwriting Agreement with MUFG Securities Americas Inc., Barclays
      Capital Inc., BMO Capital Markets Corp., Lloyds Securities Inc. and TD Securities (USA) 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
      2026-C 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 $440,000,000; (ii) Class A-2a
      Asset-Backed Notes in the aggregate original principal amount of $528,000,000; (iii) Class A-2b Asset-Backed Notes in the aggregate original principal amount of $131,000,000; (iv) Class A-3 Asset-Backed Notes in the aggregate original principal
      amount of  $659,000,000; (v) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $94,500,000; and (vi) Class B Asset-Backed Notes in the aggregate original principal amount of $47,500,000 (collectively,


      the “Notes”) on or about July 21, 2026 (the “Closing Date”).  Attached as Exhibit 1.1 is the Underwriting Agreement. Item 8.01 Other Events . On the Closing Date, (a) TMCC, as seller, and TAFR LLC, as purchaser, will enter into a Receivables Purchase Agreement, to be dated as of the Closing Date (the “Receivables Purchase Agreement”), pursuant to which TMCC
      will transfer certain motor vehicle retail installment sales contracts (the “Receivables”) to TAFR LLC; (b) TAFR LLC, as seller, TMCC, as servicer (in such capacity, the “Servicer”) and sponsor, and the Trust, as issuer, will enter into a Sale and
      Servicing Agreement, to be dated as of the Closing Date (the “Sale and Servicing Agreement”), pursuant to which TAFR LLC will transfer the Receivables to the Trust and the Receivables will be serviced by the Servicer; (c) TAFR LLC and Wilmington
      Trust, National Association, as owner trustee (the “Owner Trustee”), will enter into an amended and restated agreement of the Trust, to be dated as of the Closing Date (the “Amended and Restated Trust Agreement”); (d) the Trust, TMCC, as Servicer and
      administrator (in such capacity, the “Administrator”), and Clayton Fixed Income Services LLC, as asset representations reviewer (the “Asset Representations Reviewer”), will enter into an Asset Representations Review Agreement, to be dated as of the Closing Date (the “Asset Representations Review Agreement”), relating to the review of certain representations relating to the Receivables; (e) the Trust, as issuer, and U.S. Bank National Association, as indenture trustee (in such capacity, the
      “Indenture Trustee”) and securities intermediary (in such capacity, the “Securities Intermediary”), will enter into an Indenture, to be dated as of the Closing Date (the “Indenture”), pursuant to which the Trust will issue the Notes; (f) the
      Administrator, the Trust and the Indenture Trustee will enter into an Administration Agreement, to be dated as of the Closing Date (the “Administration Agreement”), relating to the provision by the Administrator of certain services for the Trust; and
      (g) TAFR LLC, as pledgor, the Indenture Trustee, as secured party, and the Securities Intermediary will enter into a Securities Account Control Agreement, to be dated as of the Closing Date (the “Securities Account Control Agreement”), related to the
      pledge and grant of “control” (as such term is defined in the Uniform Commercial Code as in effect on the Closing Date in New York) of the Reserve Account to the Indenture Trustee, on behalf of the holders of the Notes. This Current Report on Form 8-K is being filed to satisfy an undertaking to file copies of certain agreements to be executed in connection with the issuance of the Notes, the forms of which were filed as Exhibits to the Registration Statement. 
      Attached as Exhibit 4.1 is the form of the Amended and Restated Trust Agreement, as Exhibit 4.2 is the form of the Indenture, as Exhibit 4.3 is the form of the Sale and Servicing Agreement, as Exhibit 4.4 is the form of the Receivables Purchase
      Agreement, as Exhibit 4.5 is the form of the Administration Agreement, as Exhibit 4.6 is the form of the Securities Account Control Agreement, and as Exhibit 4.7 is the form of the Asset Representations Review Agreement. In connection with the offering of the Notes, the chief executive officer of the registrant has made the certifications required by Paragraph I.B.1(a) of Form SF-3 attached as Exhibit 36.1. The certifications are included in the Depositor
      Certification attached as Exhibit 36.1, which is being filed as an exhibit to this Current Report on Form 8-K in order to satisfy the requirements of Item 601(b)(36) of Regulation S-K. Item 9.01. Financial Statements and Exhibits . (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits: Exhibit No. Description 1.1 Underwriting Agreement, dated July 14, 2026, among TAFR LLC, TMCC, and MUFG Securities Americas Inc., Barclays Capital Inc., BMO
                Capital Markets Corp., Lloyds Securities Inc. and TD Securities (USA) LLC, acting on behalf of themselves and as representatives of the several underwriters named in the agreement. 4.1 Amended and Restated Trust Agreement, to be dated as of July 21, 2026, between TAFR LLC and Wilmington Trust, National
                Association, as owner trustee. 4.2 Indenture, to be dated as of July 21, 2026, among the Trust, the Indenture Trustee and the Securities Intermediary. 4.3 Sale and Servicing Agreement, to be dated as of July 21, 2026, among TAFR LLC, as seller, TMCC, as servicer and sponsor, and the
                Trust, as issuer. 4.4 Receivables Purchase Agreement, to be dated as of July 21, 2026, between TAFR LLC, as purchaser, and TMCC, as seller. 4.5 Administration Agreement, to be dated as of July 21, 2026, among the Administrator, the Trust, as issuer, and the Indenture
                Trustee. 4.6 Securities Account Control Agreement, to be dated as of July 21, 2026, among TAFR LLC, as pledgor, the Indenture Trustee, as
                secured party, and the Securities Intermediary. 4.7 Asset Representations Review Agreement, to be dated as of July 21, 2026, among the Trust, as issuer, TMCC, as Servicer and
                Administrator, and the Asset Representations Reviewer. 36.1 Depositor Certification, dated July 14, 2026, for shelf offerings of asset-backed securities. SIGNATURES 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 By: /s/ Stephen Bishop Name: Stephen Bishop Title: Secretary Date: July 16, 2026

Toyota Auto Finance Receivables LLC secured $440 million in Asset-Backed Notes on July 14, 2026, through an underwriting agreement with major financial institutions. This financing supports Toyota's ongoing asset-backed securities strategy and financial operations.

On July 14, 2026, Toyota Auto Finance Receivables LLC (TAFR LLC) and Toyota Motor Credit Corporation (TMCC) entered into a Material Definitive Agreement with MUFG Securities Americas Inc., Barclays Capital Inc., BMO Capital Markets Corp., Lloyds Securities Inc., and TD Securities (USA) LLC for the underwriting of certain notes. The Trust, established as Toyota Auto Receivables 2026-C Owner Trust, will issue Class A-1 Asset-Backed Notes totaling $440,000,000. This transaction indicates significant financing activities aimed at sustaining or expanding Toyota's financial operations and structuring new asset-backed securities.

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