Attached files

file filename
EX-10.4 - RECEIVABLES PURCHASE AGREEMENT BETWEEN THE DEPOSITOR AND BMW FS - BMW FS SECURITIES LLCexhibit10-4.htm
EX-36.1 - DEPOSITOR CERTIFICATION - BMW FS SECURITIES LLCexhibit36-1.htm
EX-10.6 - ASSET REPRESENTATIONS REVIEW AGREEMENT - BMW FS SECURITIES LLCexhibit10-6.htm
EX-10.5 - RECEIVABLES PURCHASE AGREEMENT BETWEEN THE DEPOSITOR AND BMW BANK OF NORTH AMERI - BMW FS SECURITIES LLCexhibit10-5.htm
EX-10.3 - SALE AND SERVICING AGREEMENT - BMW FS SECURITIES LLCexhibit10-3.htm
EX-10.2 - OWNER TRUST ADMINISTRATION AGREEMENT - BMW FS SECURITIES LLCexhibit10-2.htm
EX-10.1 - AMENDED AND RESTATED TRUST AGREEMENT - BMW FS SECURITIES LLCexhibit10-1.htm
EX-4.1 - INDENTURE - BMW FS SECURITIES LLCexhibit4-1.htm
EX-1.1 - UNDERWRITING AGREEMENT - BMW FS SECURITIES LLCexhibit1-1.htm
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):  January 17, 2018
 
BMW VEHICLE OWNER TRUST 2018-A
(Exact name of Issuing Entity as specified in its charter)
 
BMW FS SECURITIES LLC
(Exact name of Depositor as specified in its charter)
 
BMW FINANCIAL SERVICES NA, LLC
(Exact name of Sponsor as specified in its charter)
 
Delaware
(State or Other Jurisdiction of Incorporation)
 
333-208642-02
333-208642
82-3675006
22-2013053
(Commission File Number)
 
(IRS Employer Identification No.)
300 Chestnut Ridge Road, Woodcliff Lake, New Jersey
07677
(Address of Principal Executive Offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (201) 307-4000
 
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))

Item 1.01.                     Entry Into a Material Definitive Agreement.
On or about January 24, 2018, BMW FS Securities LLC will transfer certain motor vehicle retail installment sales contracts (the “Receivables”) to BMW Vehicle Owner Trust 2018-A (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 $250,000,000; (ii) Class A-2a Asset-Backed Notes in the aggregate original principal amount of $410,000,000; (iii) Class A-2b Asset-Backed Notes in the aggregate original principal amount of $80,000,000; (iv) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $360,000,000; and (v) Class A-4 Asset-Backed Notes in the aggregate original principal amount of $150,000,000; (collectively, the “Notes”).  This Current Report on Form 8-K is being filed to file executed copies of the Underwriting Agreement and Depositor Certification and forms of the Indenture, Amended and Restated Trust Agreement, Owner Trust Administration Agreement, Sale and Servicing Agreement, Receivables Purchase Agreements and Asset Representations Review Agreement (as listed below) to be executed in connection with the issuance of the Notes.
Item 9.01.                     Financial Statements and Exhibits.
(a)            Not applicable.
(b)            Not applicable.
(c)            Not applicable.
(d)            Exhibits:
1.1
Underwriting Agreement, dated January 17, 2018, among BMW Financial Services NA, LLC (“BMW FS”), BMW FS Securities LLC (the “Depositor”) and J.P. Morgan Securities LLC, on behalf of itself and as representative of the several underwriters named therein.
4.1
Indenture, to be dated as of January 24, 2018, between the Trust and the Indenture Trustee.
10.1
Amended and Restated Trust Agreement, to be dated as of January 24, 2018, between the Depositor and Wilmington Trust, National Association, as owner trustee.
10.2
Owner Trust Administration Agreement, to be dated as of January 24, 2018, among BMW FS, as administrator, the Trust and the Indenture Trustee.
10.3
Sale and Servicing Agreement, to be dated as of January 24, 2018, among the Depositor, BMW FS, as sponsor, servicer, administrator and custodian, the Trust and the Indenture Trustee.
10.4
Receivables Purchase Agreement, to be dated as of January 24, 2018, between the Depositor and BMW FS.
10.5
Receivables Purchase Agreement, to be dated as of January 24, 2018, between the Depositor and BMW Bank of North America.
 

10.6
Asset Representations Review Agreement, to be dated as of January 24, 2018, among the Trust, as issuer, BMW FS, as servicer and Clayton Fixed Income Services LLC, as asset representations reviewer.
36.1
Depositor Certification, dated January 17, 2018 for shelf offerings of asset-backed securities.



EXHIBIT INDEX

Exhibit No.
Description










SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.


BMW FS SECURITIES LLC

By: BMW Financial Services NA, LLC,
as Managing Member


By: /s/ Stefan Glebke                                                                                                    
Name: Stefan Glebke
Title:   Treasurer


By: /s/ Ritu Chandy                                                                                                       
Name: Ritu Chandy
Title:   Vice President – Finance & CFO

Dated: January 19, 2018