0000929638-25-002662.txt : 20250722 0000929638-25-002662.hdr.sgml : 20250722 20250722165635 ACCESSION NUMBER: 0000929638-25-002662 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20250722 DATE AS OF CHANGE: 20250722 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Toyota Auto Receivables 2025-C Owner Trust CENTRAL INDEX KEY: 0002063142 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-281727-03 FILM NUMBER: 251140848 BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 469-486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA AUTO FINANCE RECEIVABLES LLC CENTRAL INDEX KEY: 0001131131 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance EIN: 334836519 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 469-486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE STREET 2: ATTENTION: SEC REPORTING CITY: PLANO STATE: TX ZIP: 75024 FWP 1 taot2025c_fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated July 22, 2025
Registration Statement Nos. 333-281727 and 333-281727-03

$1.9bn Toyota Auto Receivables 2025-C Owner Trust (TAOT 2025-C) Prime Auto Loan

Joint-leads: RBC (str), CIBC, Credit Ag, Mizuho, and Soc Gen
Co-manager: Commerzbank

CAPITAL STRUCTURE
OFFERED
CLS
SIZE($MM)
SIZE($MM)
WAL*
M/S**
P.WIN
E-FIN
L-FIN
BENCH
SPRD
YIELD%
CPN%
PRICE
A-1
431.100
409.545
0.22
P-1/A-1+
1-7
02/26
08/26
I-CRV
+12
4.440
4.440
100.00000
A-2a
315.800
300.010
1.06
Aaa/AAA
7-20
03/27
06/28
I-CRV
+30
4.331
4.29
99.99765
A-2b
345.400
328.130
1.06
Aaa/AAA
7-20
03/27
06/28
SOFR30A
+30
    
100.00000
A-3
661.200
628.140
2.47
Aaa/AAA
20-43
02/29
03/30
I-CRV
+35
4.150
4.11
99.98946
A-4
99.000
94.050
3.76
Aaa/AAA
43-47
06/29
01/31
I-CRV
+42
4.236
4.19
99.96857
B
47.500
        
**RETAINED**
            
* WAL to call, assuming 1.30% ABS to 5% clean-up call
**Expected Ratings


-TRANSACTION DETAILS-
Expected Pricing: PRICED
Offered size: $1,759,875,000
Expected Settlement: 07/30/25
Format: SEC Registered
First Payment Date: 08/15/25
ERISA Eligible: Yes
Expected Ratings: Moody's/S&P
Risk Retention: US – Yes; EU - No; UK - No
Bloomberg Ticker: TAOT 2025-C
Pricing Speed: 1.30% ABS to 5% Clean-Up Call
BBERG SSAP: TAOT2025C
Min Denoms: $1k x $1k
Bill & Deliver: RBC



-MARKETING MATERIALS-
Preliminary Prospectus, FWP, Intex CDI (attached)
Intex Dealname: RBCTOYOT25C; Password: 6Y9B


Cusip Numbers:

Class
Cusip
A-1
89238V AA6
A-2a
89238V AB4
A-2b
89238V AC2
A-3
89238V AD0
A-4
89238V AE8




The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1 866 375-6829.