# Honda Auto Receivables 2026-3 Owner Trust — bankruptcy/administration [announced]
Source: sec.gov · situation sit_e41949f25c073ad8c8a7 · public 7684838142520194481 · retrieved 2026-08-25T15:26:38.487Z

## Overview
Honda Auto Receivables 2026-3 Owner Trust is a Delaware statutory trust established to issue asset-backed securities backed by a pool of retail installment sale contracts and installment loan contracts relating to new and used Honda and Acura automobiles.

On August 4, 2026, American Honda Receivables LLC and American Honda Finance Corporation entered into an underwriting agreement with BofA Securities, BNP Paribas Securities, Citigroup Global Markets, and U.S. Bancorp Investments to issue $2,105,270,000 in asset-backed notes through Honda Auto Receivables 2026-3 Owner Trust. The notes comprise five classes: Class A-1 ($509,400,000 at 3.964%), Class A-2a ($536,600,000 at 4.30%), Class A-2b ($200,000,000 at SOFR + 0.32%), Class A-3 ($736,400,000 at 4.52%), and Class A-4 ($122,870,000 at 4.62%). The notes are secured by retail installment sale contracts and installment loan contracts for new and used Honda and Acura automobiles. AHFC will retain at least 5% of each note class by initial principal amount to comply with risk retention rules. Closing is scheduled for August 12, 2026.

## Terms
- Counterparty: BofA Securities, Inc.; BNP Paribas Securities Corp.; Citigroup Global Markets Inc.; U.S. Bancorp Investments, Inc. · Deal value: $2.11B · Stake: 5%

## Key dates
- Announced 2026-08-06 · Expected close 2026-08-12

## Timeline
- 2026-08-06 · 8-K (0001104659-26-091799): 8-K - Honda Auto Receivables 2026-3 Owner Trust — *Honda Auto Receivables 2026-3 Owner Trust is a Delaware statutory trust established to issue asset-backed securities backed by a pool of retail installment sale contracts and installment loan contracts relating to new and used Honda and Acura automobiles.* On August 4, 2026, American Honda Receivables LLC and American Honda Finance Corporation entered into an underwriting agreement with BofA Securities, BNP Paribas Securities, Citigroup Global Markets, and U.S. Bancorp Investments to issue $2,105,270,000 in asset-backed notes through Honda Auto Receivables 2026-3 Owner Trust. The notes comprise five classes: Class A-1 ($509,400,000 at 3.964%), Class A-2a ($536,600,000 at 4.30%), Class A-2b ($200,000,000 at SOFR + 0.32%), Class A-3 ($736,400,000 at 4.52%), and Class A-4 ($122,870,000 at 4.62%). The notes are secured by retail installment sale contracts and installment loan contracts for new and used Honda and Acura automobiles. AHFC will retain at least 5% of each note class by initial principal amount to comply with risk retention rules. Closing is scheduled for August 12, 2026.
  https://www.sec.gov/Archives/edgar/data/2143476/0001104659-26-091799.txt

## Citations
- 0001104659-26-091799 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926091799