Vroom subsidiary UACC closes $315.8M asset-backed note securitization on $380M subprime auto loans

Vroom, Inc.

UACC sold ~$380M of subprime motor vehicle contracts to Trust; issued $315.8M in ABS notes across 5 classes.
Class A ($139.3M at 6.17%) to Class E ($39.5M at 10.45%) notes issued; Class E retained for risk retention.
UACC will service receivables for 3.25% annual fee; 28% of loans originated by affiliated dealer Vroom Automotive.
Notes are obligations of Trust only; UACC has option to buy Trust estate when outstanding balance ≤10% of initial.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Vroom, Inc. incurred senior notes of $315,821,000 with Computershare Trust Company, N.A. at 6.17% (Class A), 6.57% (Class B), 7.06% (Class C), 8.30% (Class D), and 10.45% (.

Instrument: senior notes
Principal: $315,821,000
Counterparty: Computershare Trust Company, N.A.
Rate: 6.17% (Class A), 6.57% (Class B), 7.06% (Class C), 8.30% (Class D), and 10.45% (
Event: incurrence

Exact text from the filing

the Trust issued $315,821,000 of asset-backed notes with the following characteristics (collectively, the “ Notes ”):

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308 debt financings filed in the last 30 days. Browse all debt financings →

Vroom, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-053606

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