Ford Credit Auto Receivables Two LLC Launches 2026-B Auto Loan Bond De

Ford Credit Auto Receivables Two LLC Launches 2026-B Auto Loan Bond Deal

Ford Credit Auto Receivables Two LLC signed an underwriting agreement on June 16, 2026, to issue asset-backed securities through a new trust backed by auto loan contracts.

By the FiledFeed automated desk Jun 18, 2026 9:02 PM ET

This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.

The short version

Ford Credit Auto Receivables Two LLC entered into an underwriting agreement on June 16, 2026, to sell bonds (called Notes) through a newly formed trust called Ford Credit Auto Owner Trust 2026-B. The bonds are backed by a pool of retail auto loan contracts originally made by Ford Credit. The deal involves a group of major financial firms acting as underwriters, with The Bank of New York Mellon and U.S. Bank Trust National Association serving as key trustees.

Ford Credit Auto Receivables Two LLC, a Delaware limited liability company that packages auto loans into bonds, signed an underwriting agreement on June 16, 2026, to launch a new bond deal called Ford Credit Auto Owner Trust 2026-B (the "Trust"), according to an 8-K (a filing companies use to report major news) filed with the Securities and Exchange Commission on June 18, 2026.

What Is This Deal?

The transaction is a type of financing known as a securitization — a process where a company bundles a large group of loans (in this case, auto loans) and sells bonds backed by those loans to investors. The bonds, called Notes, are secured by a pool of retail installment sale contracts (standard auto purchase financing agreements) that were originally made by Ford Credit.

Ford Credit Auto Receivables Two LLC is acting as the "Depositor," meaning it transfers the loan contracts into the Trust, which then issues the Notes.

Who Is Involved?

Five financial firms are acting as underwriters (companies that help sell the bonds to investors): Citigroup Global Markets Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., Deutsche Bank Securities Inc., and Mizuho Securities USA LLC.

The Bank of New York Mellon is serving as the Indenture Trustee (the institution that oversees the bond obligations on behalf of investors), while U.S. Bank Trust National Association is serving as the Owner Trustee (the institution that holds the trust's assets on behalf of the trust's equity holders).

Clayton Fixed Income Services LLC will serve as the Asset Representations Reviewer, a role that involves independently checking whether the loans in the pool meet the required standards.

Key Documents

According to the filing, a set of transaction agreements — including a Sale and Servicing Agreement, a Receivables Purchase Agreement, and an Administration Agreement — are all expected to be dated as of June 1, 2026, and will take effect on the deal's closing date. The Trust was originally formed under a Trust Agreement dated October 9, 2025, which has now been amended and restated.

Key facts

Ford Credit Auto Receivables Two LLC (CIK: 0001129987) filed an 8-K on June 18, 2026.

An Underwriting Agreement was signed on June 16, 2026.

The bond-issuing entity is Ford Credit Auto Owner Trust 2026-B.

Bonds (Notes) are backed by a pool of retail auto loan contracts originated by Ford Credit.

Underwriters: Citigroup Global Markets Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America Inc., Deutsche Bank Securities Inc., and Mizuho Securities USA LLC.

Indenture Trustee: The Bank of New York Mellon.

Owner Trustee: U.S. Bank Trust National Association.

Asset Representations Reviewer: Clayton Fixed Income Services LLC.

Transaction agreements are dated as of June 1, 2026.

The Trust was originally formed on October 9, 2025.

Why it matters

This filing marks the formal launch of Ford Credit's 2026-B auto loan securitization deal, a routine but significant step in how Ford Credit funds its auto lending business. By packaging auto loans into bonds and selling them to investors, Ford Credit raises cash it can use to make new loans to car buyers. While this type of transaction is common for large auto lenders, each new deal represents a fresh source of funding tied to the performance of Ford's underlying loan portfolio. Retail investors in Ford-related securities or auto ABS (asset-backed securities) markets may find the deal's structure and the parties involved relevant to understanding Ford Credit's ongoing funding activity.

Frequently asked

What is Ford Credit Auto Owner Trust 2026-B?

It is a trust created to issue bonds backed by a pool of auto loans originally made by Ford Credit. The trust was set up so that investors can buy those bonds, which are repaid using payments from the auto loan borrowers.

Who are the underwriters for this bond deal?

The five underwriters are Citigroup Global Markets Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., Deutsche Bank Securities Inc., and Mizuho Securities USA LLC.

What loans back these bonds?

The bonds are backed by retail installment sale contracts — standard auto purchase financing agreements — that were originally made by Ford Credit.

When was the underwriting agreement signed?

The underwriting agreement was signed on June 16, 2026, two days before the 8-K was filed with the SEC.

What the filing reported

1.01 Entry into a Material Agreement

8.01 Other Events

9.01 Financial Statements & Exhibits