# EDGAR Filing Document

**Accession Number:** 0001347185
**File Stem:** 0001193125-25-338143
**Filing Date:** 2025-12
**Character Count:** 14532
**Document Hash:** 2071a44da27764ccc8a9efd7b9d7077d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-338143.hdr.sgml**: 20251231

**ACCESSION NUMBER**: 0001193125-25-338143

**CONFORMED SUBMISSION TYPE**: 305B2

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251231

**DATE AS OF CHANGE**: 20251231

**EFFECTIVENESS DATE**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AFS SENSUB CORP.
- **CENTRAL INDEX KEY:** 0001347185
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 880475154
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 305B2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-275606
- **FILM NUMBER:** 251616972

**BUSINESS ADDRESS:**
- **STREET 1:** C/O AMERICREDIT FINANCIAL SERVICES INC
- **STREET 2:** 801 CHERRY ST STE 3500
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102
- **BUSINESS PHONE:** 8173027000

**MAIL ADDRESS:**
- **STREET 1:** C/O AMERICREDIT FINANCIAL SERVICES INC
- **STREET 2:** 801 CHERRY STREET SUITE 3500
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICREDIT FINANCIAL SERVICES INC
- **DATE OF NAME CHANGE:** 20190124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AFS SenSub Corp.
- **DATE OF NAME CHANGE:** 20051216

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM T-1** 

STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an application to determine eligibility of a Trustee

pursuant to Section 305 (b)(2) <u>**X**</u> 

**CITIBANK, N.A.** 

(exact name of trustee as specified in its charter)

---

| | |
|:---|:---|
| **A National Banking Association** | **13-5266470** |
| (Jurisdiction of Incorporation or organization if<br> not a U.S. national bank) | (I.R.S. Employer Indentifiction No.) |
| **399 Park Ave., New York, NY** | **10043** |
| (Address of principal executive office) | (Zip Code) |

---

**GM Financial Consumer Automobile Receivables Trust 2026-1** 

(Exact name of obligor as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **41-6667456** |
| (Jurisdiction of Incorporation or organization if not a<br>U.S. national bank) | (I.R.S. Employer Indentifiction No.) |
| **c/o Wilmington Trust Company,**<br> **as Owner Trustee**<br> **1100 North Market Street,**<br> **Wilmington, Delaware**<br> **Or such other address specified in the applicable<br>Prospectus Supplement** |  |
| (Address of principal executive office) | **19890**<br> (Zip Code) |

---

**Asset Backed Securities** 

(Title of the Indenture Securities)

------

Item 1. General Information.

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervising authority to which it is subject.

<u>Name</u> <u>Address</u> <br> Comptroller of the Currency Federal Reserve Bank of New York 33 Liberty Street New York, NY Federal Deposit Insurance Corporation Washington, D.C. New York, NY Washington, D.C.

(b) Whether it is authorized to exercise corporate trust powers. Yes.

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

Items 3. -15. Not Applicable

Item 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.<br>Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.<br>Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect (Exhibit 1 to T-1 to Registration Statement No. 2-79983).<br>Exhibit 2 - Copy of certificate of authority of the Trustee to commence business (Exhibit 2 to T-1 to Registration Statement No. 2-29577).<br>Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers (Exhibit 3 to T-1 to Registration Statement No. 2-55519).<br>Exhibit 4 - Copy of existing By-Laws of the Trustee (Exhibit 4 to T-1 to Registration Statement No. 33-34988).<br>Exhibit 5 - Not applicable.<br>

------

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939 (Exhibit 6 to T-1 to Registration Statement No. 33-19227).<br>Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A (as of December 31, 2024 – Attached)<br>Exhibit 8 - Not applicable.<br>Exhibit 9 - Not applicable.<br>

------

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the 31st day of December 2025.

---

| | |
|:---|:---|
| CITIBANK, N.A. | CITIBANK, N.A. |
| By | <u>/s/Kristen Driscoll</u> |
|  | Kristen Driscoll |
|  | Senior Trust Officer |

---

## Exhibit 99.7

**Exhibit 7** 

---

| | |
|:---|:---|
| **CONSOLIDATED STATEMENT OF CASH FLOWS** | *Citigroup Inc. and Subsidiaries* |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Years ended December 31,** | **Years ended December 31,** | **Years ended December 31,** |
| *In millions of dollars* | **2024** | 2023 | 2022 |
|  **Cash flows from operating activities of continuing operations** |  |  |  |
|  **Net income before attribution of noncontrolling interests** | $**12833** | $9381 | $14934 |
|  **Net income attributable to noncontrolling interests** | **151** | 153 | 89 |
|  **Citigroup's net income** | $**12682** | $9228 | $14845 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Income (loss) from discontinued operations, net of taxes** | **(2)** | (1) | (231) |
|  **Income from continuing operations—excluding noncontrolling interests** | $**12684** | $9229 | $15076 |
|  **Adjustments to reconcile net income to net cash provided by (used in) operating activities**<br> **of continuing operations** | **Adjustments to reconcile net income to net cash provided by (used in) operating activities**<br> **of continuing operations** | **Adjustments to reconcile net income to net cash provided by (used in) operating activities**<br> **of continuing operations** | **Adjustments to reconcile net income to net cash provided by (used in) operating activities**<br> **of continuing operations** |
| &nbsp;&nbsp;&nbsp;&nbsp; Net loss (gain) on sale of significant disposals<sup>(1)</sup>  | **—** | (1462) | (762) |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | **4311** | 4560 | 4262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred income taxes | **(1896)** | (2416) | (1141) |
| &nbsp;&nbsp;&nbsp;&nbsp; Provisions for credit losses and for benefits and claims | **10109** | 9186 | 5239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gains from sales of investments | **(328)** | (188) | (67) |
| &nbsp;&nbsp;&nbsp;&nbsp; Impairment losses on investments and other assets | **431** | 323 | 499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goodwill impairment | **—** |  | 535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in trading account assets | **(31174)** | (77838) | (2273) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in trading account liabilities | **(21499)** | (15302) | 9118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in brokerage receivables net of brokerage payables | **6136** | (5402) | 7936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in loans held-for-sale (HFS) | **(776)** | 1929 | 4421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in other assets | **(4026)** | (6361) | (4992) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in other liabilities<sup>(2)</sup>  | **(7692)** | 3587 | 5343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net | **14051** | 6739 | (18125) |
|  **Total adjustments** | $**(32353)** | $(82645) | $9993 |
|  **Net cash provided by (used in) operating activities of continuing operations** | $**(19669)** | $(73416) | $25069 |
|  **Cash flows from investing activities of continuing operations** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in securities borrowed and purchased under agreements to resell | $**71638** | $19701 | $(38113) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in loans | **(20455)** | (44525) | (16591) |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchase of portfolio of consumer loans | **(700)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales and securitizations of loans | **5316** | 4801 | 4709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net payment due to transfer of net liabilities associated with divestitures<sup>(1)</sup>  | **—** | (1393) | 5741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Available-for-sale (AFS) debt securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of investments | **(250932)** | (235139) | (218747) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of investments | **57526** | 41886 | 79687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from maturities of investments | **216386** | 200437 | 140934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Held-to-maturity (HTM) debt securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of investments | **(16492)** | (1373) | (42903) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from maturities of investments | **27729** | 12838 | 12188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital expenditures on premises and equipment and capitalized software | **(6500)** | (6583) | (5632) |
| &nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sales of premises and equipment and repossessed assets | **222** | 56 | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net | **2512** | 835 | (791) |
|  **Net cash provided by (used in) investing activities of continuing operations** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**86250** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8459) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(79455) |
|  **Cash flows from financing activities of continuing operations** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dividends paid | $**(5199)** | $(5212) | $(5003) |
| &nbsp;&nbsp;&nbsp;&nbsp; Issuance of preferred stock | **5282** | 2739 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemption of preferred stock | **(5050)** | (4145) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury stock acquired | **(2474)** | (1977) | (3250) |
| &nbsp;&nbsp;&nbsp;&nbsp; Stock tendered for payment of withholding taxes | **(454)** | (329) | (344) |

---

------

---

| | |
|:---|:---|
| **CONSOLIDATED STATEMENT OF CASH FLOWS**<br> **(Continued)** | *Citigroup Inc. and Subsidiaries* |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Years ended December 31,** | **Years ended December 31,** | **Years ended December 31,** |
| *In millions of dollars* | **2024** | 2023 | 2022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in securities loaned and sold under agreements to repurchase | $**(23352)**  | $75663 | $11159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Issuance of long-term debt | **99075** | 65819 | 104748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments and redemptions of long-term debt | **(92957)**  | (64959) | (57085) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in deposits | **(24223)**  | (57273) | 68415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in short-term borrowings | **11048** | (9639)  | 19123 |
|  **Net cash provided by (used in) financing activities of continuing operations** | $**(38304)**  | $687 | $137763 |
|  Effect of exchange rate changes on cash, due from banks and deposits with banks | $**(12677)**  | $95 | $(3385) |
|  **Change in cash, due from banks and deposits with banks** | **15600** | (81093) | 79992 |
|  **Cash, due from banks and deposits with banks at beginning of year** | **260932** | 342025 | 262033 |
|  **Cash, due from banks and deposits with banks at end of year** | $**276532** | $260932 | $342025 |
|  Cash and due from banks (including segregated cash and other deposits) | $**22782** | $27342 | $30577 |
|  Deposits with banks, net of allowance | **253750** | 233590 | 311448 |
|  **Cash, due from banks and deposits with banks at end of year** | $**276532** | $260932 | $342025 |
|  **Supplemental disclosure of cash flow information for continuing operations** |  |  |  |
|  Cash paid during the year for income taxes<sup>(3)</sup>  | $**5798** | $5727 | $3733 |
|  Cash paid during the year for interest | **88027** | 72989 | 22615 |
|  **Non-cash investing activities<sup>(1)(4)(5)</sup>**  |  |  |  |
|  Transfer of investment securities from HTM to AFS | $**—** | $3324 | $— |
|  Transfer of investment securities from AFS to HTM | **—** |  | 21688 |
|  Decrease in net loans associated with divestitures reclassified to HFS | **—** |  | 16956 |
|  Decrease in goodwill associated with divestitures reclassified to HFS | **—** |  | 876 |
|  Transfers to loans HFS (*Other assets*) from loans HFI | **5535** | 7866 | 5582 |
|  Transfers from loans HFS (*Other assets*) to loans HFI | **—** | 322 |  |
|  **Non-cash financing activities<sup>(1)(5)</sup>**  |  |  |  |
|  Decrease in deposits associated with divestitures reclassified to HFS | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19691 |

---

(1) See Note 2.

(2) Includes balances related to the FDIC special assessment and restructuring charges (see Notes 18 and 9,
respectively).

(3) Includes net cash paid (received) for purchases and sales of nonrefundable, transferable tax credits.

(4) In January 2023, Citi adopted ASU 2022-01. Upon adoption, Citi
transferred $3.3 billion of mortgage-backed securities from HTM classification to AFS classification as allowed under the ASU. At the time of transfer, the securities were in an unrealized gain position of $0.1 billion, which was recorded
in *AOCI* upon transfer.

(5) Operating and finance lease right-of-use assets and lease liabilities represent non-cash investing and financing activities, respectively, and are not
included in the non-cash investing activities presented here. See Note 29 for more information and balances as of December 31, 2024 and 2023.

The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.