# EDGAR Filing Document

**Accession Number:** 0001541035
**File Stem:** 0001193125-26-015230
**Filing Date:** 2026-1
**Character Count:** 19004
**Document Hash:** 0c7a617137904ed2e30f919827885d2d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-015230.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001193125-26-015230

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20260116

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260116

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MassMutual Asset Finance LLC
- **CENTRAL INDEX KEY:** 0001541035

**ORGANIZATION NAME:**
- **EIN:** 260073611
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00120
- **FILM NUMBER:** 26539209

**BUSINESS ADDRESS:**
- **STREET 1:** 2 HAMPSHIRE STREET
- **STREET 2:** SUITE 101
- **CITY:** FOXBORO
- **STATE:** MA
- **ZIP:** 02035
- **BUSINESS PHONE:** 508-698-5526

**MAIL ADDRESS:**
- **STREET 1:** 2 HAMPSHIRE STREET
- **STREET 2:** SUITE 101
- **CITY:** FOXBORO
- **STATE:** MA
- **ZIP:** 02035
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MassMutual Asset Finance LLC
- **CENTRAL INDEX KEY:** 0001541035

**ORGANIZATION NAME:**
- **EIN:** 260073611
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 2 HAMPSHIRE STREET
- **STREET 2:** SUITE 101
- **CITY:** FOXBORO
- **STATE:** MA
- **ZIP:** 02035
- **BUSINESS PHONE:** 508-698-5526

**MAIL ADDRESS:**
- **STREET 1:** 2 HAMPSHIRE STREET
- **STREET 2:** SUITE 101
- **CITY:** FOXBORO
- **STATE:** MA
- **ZIP:** 02035
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MassMutual Asset Finance LLC
- **CENTRAL INDEX KEY:** 0001541035

**ORGANIZATION NAME:**
- **EIN:** 260073611
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00120

**BUSINESS ADDRESS:**
- **STREET 1:** 2 HAMPSHIRE STREET
- **STREET 2:** SUITE 101
- **CITY:** FOXBORO
- **STATE:** MA
- **ZIP:** 02035
- **BUSINESS PHONE:** 508-698-5526

**MAIL ADDRESS:**
- **STREET 1:** 2 HAMPSHIRE STREET
- **STREET 2:** SUITE 101
- **CITY:** FOXBORO
- **STATE:** MA
- **ZIP:** 02035

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period<u> </u> to<u> </u>** 

**(Exact name of securitizer as specified in its charter)** 

**Date of Report (Date of earliest event reported)<u> </u>** 

**Commission File Number of securitizer:<u> </u>** 

**Central Index Key Number of securitizer:<u> </u>** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing.** 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

**Central Index Key Number of sponsor: 0001541035** 

## Barings Equipment Finance LLC 2026-A
**(Exact name of issuing entity as specified in its charter)** 

**Central Index Key Number of issuing entity (if applicable):<u> </u>** 

**Central Index Key Number of underwriter (if applicable): Not applicable** 

**John M. Young, 617-235-1571** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing.** 

------

**PART II - FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS** 

**Item 2.01 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Issuer** 

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit 99.1** | Independent Accountants' Agreed-Upon Procedures Report, dated January 16, 2026. |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 16, 2026

---

| | |
|:---|:---|
| **MASSMUTUAL ASSET FINANCE LLC** | **MASSMUTUAL ASSET FINANCE LLC** |
| (Sponsor) | (Sponsor) |
| By: | /s/ John M. Young |
| Name: John M. Young | Name: John M. Young |
| Title: Chief Financial Officer | Title: Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g282549dsp05a.jpg)

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KPMG LLP |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suite 700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 Pacifica |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Irvine, CA 92618-3391 |

---

**Independent Accountants' Agreed-Upon Procedures Report** 

MassMutual Asset Finance LLC ("MMAF" or the "Company")

BofA Securities, Inc. (the "Structuring Agent")

Wells Fargo Securities, LLC

(together, the "Specified Parties")

Re: Barings Equipment Finance LLC 2026-A – Data Files Procedures

We have performed the procedures described below on the specified attributes in:

(i) an electronic data file entitled "2026-A Data Tape 11.30.25
v2.xlsx" provided by the Company on December 18, 2025, containing information on 363 equipment lease and loan receivables (the "Receivables") as of November 30, 2025 (the "Cut-off Date") (the "Initial Data File"); and

(ii) an electronic data file entitled "2026-A Data Tape 11.30.25
v3.xlsx" provided by the Company on December 23, 2025, containing information on 363 Receivables as of the Cut-off Date (the "Data File" and together with the Initial Data File, the
"Data Files").

We were informed by the Company that the Receivables are intended to be included as collateral in the offering by Barings Equipment Finance LLC 2026-A. The Company is responsible for the specified attributes identified by the Company in the Data Files.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data Files. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

• The term "compared" means compared to the information shown and found it to be in agreement, unless
otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.

• The term "recomputed" means recalculated and compared the result to the information shown and found
it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

• The term "reporting threshold" means that dollar amounts were within $1.00 and Lease Date was within
five (5) business days.

![LOGO](g282549dsp05c.jpg)

------

![LOGO](g282549dsp06.jpg)

• The term "Receivable File" means the following information sources provided by the Company related to
each Selected Receivable (defined below): Master Lease Agreement, Lease/Loan Agreement, Assignment Agreement, Specification Agreement, Booking Summary, Pay Proceeds, New Business Reports, Credit Approval Write-Up, Bill of Sale, SuperTrump Booking Run, Partial Buyout/Pay Down of Schedules, UCC Financing Statement, Residual Value Insurance Policy, and/or Certificate of Title. The Receivable File was represented
by the Company to be either the original Receivable File or a copy of the original Receivable File. We make no representation regarding the validity or accuracy of these documents.

• The term "Instructions" means the instructions provided by the Company pertaining to a procedure,
attribute, or methodology, as described in the procedures below.

• The term "Provided Information" means the Receivable Files and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

A. The Structuring Agent, as instructed by the Company, randomly selected a sample of 50 Receivables from the
Initial Data File (the "Selected Receivables"). A listing of the Selected Receivables is attached hereto as Exhibit A. For purposes of this procedure, the Company did not inform us of the basis they used to determine the number of
Receivables the Structuring Agent was instructed to randomly select from the Initial Data File.

B. For each Selected Receivables, we compared or recomputed the specified attributes in the Initial Data File
listed below to or using the corresponding information included in the Receivable File, utilizing the Instructions, as applicable. The Company indicated that the absence of any of the information in the Receivable File or the inability to agree the
indicated information from the Initial Data File to the Receivable File for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception. The Receivable File documents are listed in the order of priority.

---

| | |
|:---|:---|
| Attribute | Receivable File / Instructions |
| Payment Frequency | Lease/Loan Agreement, Assignment Agreement, Specification Agreement |
| Lease Type | Booking Summary |
|  | Consider a designation of "TL" in the Initial Data File to be a finance lease and a designation of "CS" to be a loan. |
| Lease Date | Assignment Agreement, Pay Proceeds, Specification Agreement |
| Maturity Date | Lease/Loan Agreement, Assignment Agreement, Specification Agreement, SuperTrump Booking Run |
|  | In the event Maturity Date is not listed in the Receivable File, recompute Maturity Date based on the Lease Date and the Original Term/Lease Term stated in the Receivable File. |
| Original Term | Lease/Loan Agreement, Assignment Agreement, Specification Agreement, SuperTrump Booking Run, Booking Summary |
|  | In the event Original Term does not agree or is not listed in the Receivable File, recompute Original Term as the number of months between the Lease Date and the Maturity Date stated in the Receivable File. |
| Remaining Term | Recompute Remaining Term as the number of months between the Cut-off Date and Maturity Date. |

---

------

![LOGO](g282549dsp06.jpg)

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| | |
|:---|:---|
| <br> Attribute | Receivable File / Instructions |
| Lessee Name | Lease/Loan Agreement, Assignment Agreement |
| Collateral Type | Credit Approval Write-Up, Master Lease Agreement |
|  | In the event multiple collateral is listed in the Receivable File, compare the Collateral Type to one of the types of collateral stated in the Receivable File. |
| Industry | Credit Approval Write-Up, Master Lease Agreement |
| Guaranteed Residual Value | Lease/Loan Agreement |
|  | If the Company purchased additional residual value insurance for the collateral with the same Contract ID stated in the Lease/Loan Agreement, recompute Guaranteed Residual Value as the sum of the Guaranteed Residual Value amount stated in the Lease/Loan Agreement and the additional residual value insurance stated in the Residual Value Insurance Policy, if any. |
| Unguaranteed Residual Value | SuperTrump Booking Run, Partial Buyout/Pay Down of Schedules |
| Lessee State | "Headquarters State" in Master Lease Agreement, Credit Approval Write-Up |
|  | If the event the Lessee State does not agree to the information in the Credit Approval Write-Up, compare to the Lease/Loan Agreement. |
| Contract Cashflows | Underlying Lease/Loan Cashflows stated in the Lease/Loan Agreement, Assignment Agreement, Specification Agreement, Partial Buyout/Pay Down of Schedules |

---

We found such information to be in agreement, except as listed in Exhibit B.

C. As a result of the findings identified and reported in the performance of Procedure B, the Initial Data File
was revised by the Company. The Data File represents the revised information reflecting resolution of differences reported as determined appropriate by the Company.

We reperformed Procedure B for the Selected Receivables in the Data File. We found such information to be in agreement.

D. For each Selected Receivable, we observed the presence of the following in the Receivable File:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A credit analysis performed by the Company in the form of a Credit Approval Write-Up document in the Receivable File. We make no representation regarding the sufficiency of the credit analysis performed by the Company to assign credit ratings or make funding decisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A UCC Financing Statement made to perfect the Company's security interest in the collateral under contract
in the Receivable File or the presence of a Certificate of Title related to the collateral under contract in the Receivable File. We make no representation regarding the enforcement or standing of such filing or title.

We found such information to be present.

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![LOGO](g282549dsp06.jpg)

We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data Files. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data Files and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Receivables, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Receivables to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Receivables being securitized, (iii) the compliance of the originator of the Receivables with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Receivables that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California

January 16, 2026

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**Exhibit A** 

**The Selected Receivables** 

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| | | | |
|:---|:---|:---|:---|
| **Selected**<br> **Receivable**<br> **Number** | **Receivable**<br> **Number<sup>\*</sup>**  | **Selected**<br> **Receivable**<br> **Number** | **Receivable**<br> **Number<sup>\*</sup>**  |
| 1 | 2026A-01 | 26 | 2026A-26 |
| 2 | 2026A-02 | 27 | 2026A-27 |
| 3 | 2026A-03 | 28 | 2026A-28 |
| 4 | 2026A-04 | 29 | 2026A-29 |
| 5 | 2026A-05 | 30 | 2026A-30 |
| 6 | 2026A-06 | 31 | 2026A-31 |
| 7 | 2026A-07 | 32 | 2026A-32 |
| 8 | 2026A-08 | 33 | 2026A-33 |
| 9 | 2026A-09 | 34 | 2026A-34 |
| 10 | 2026A-10 | 35 | 2026A-35 |
| 11 | 2026A-11 | 36 | 2026A-36 |
| 12 | 2026A-12 | 37 | 2026A-37 |
| 13 | 2026A-13 | 38 | 2026A-38 |
| 14 | 2026A-14 | 39 | 2026A-39 |
| 15 | 2026A-15 | 40 | 2026A-40 |
| 16 | 2026A-16 | 41 | 2026A-41 |
| 17 | 2026A-17 | 42 | 2026A-42 |
| 18 | 2026A-18 | 43 | 2026A-43 |
| 19 | 2026A-19 | 44 | 2026A-44 |
| 20 | 2026A-20 | 45 | 2026A-45 |
| 21 | 2026A-21 | 46 | 2026A-46 |
| 22 | 2026A-22 | 47 | 2026A-47 |
| 23 | 2026A-23 | 48 | 2026A-48 |
| 24 | 2026A-24 | 49 | 2026A-49 |
| 25 | 2026A-25 | 50 | 2026A-50 |

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(\*) The Company has assigned a unique Lease Number to each Receivable in the Data Files. The Receivable Numbers referred to in this Exhibit are not the Company's Lease Number.

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**Exhibit B** 

**Exception List – Initial Data File** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Selected**<br> **Receivable #** | **Receivable**<br> **Number** | **Attribute** | **Per Initial**<br> **Data File** | **Per**<br> **Receivable File/Instructions** |
| 25 | 2026A-25 | Lessee State | GA | DC |

---