BMW Auto Leasing LLC

10/03/2024 | Press release | Distributed by Public on 10/03/2024 10:53

Material Event Form 8 K

Item 1.01
Entry into a Material Definitive Agreement.
On October 1, 2024, BMW Auto Leasing LLC ("BMW LLC") and BMW Financial Services NA, LLC ("BMW FS") entered into an Underwriting Agreement with Citigroup Global Markets Inc., on behalf of itself and as a representative of the several underwriters named therein, for the sale of certain notes of BMW Vehicle Lease Trust 2024-2, a Delaware statutory (the "Trust"), in the following classes and in the following amounts: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $195,200,000; (ii) Class A-2a Asset-Backed Notes in the aggregate original principal amount of $231,200,000; (iii) Class A-2b Asset-Backed Notes in the aggregate principal amount of $231,200,000; (iv) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $462,400,000 and (v) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $130,000,000 (collectively, the "Notes"). The Notes will be issued on or about October 7, 2024 (the "Closing Date"). Attached as Exhibit 1.1 is the Underwriting Agreement.