---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-053606"
form_type: "8-K"
ticker: "VRM"
cik: "0001580864"
company_name: "Vroom, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:04:28.835335+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-053606
- form_type: 8-K
- ticker: VRM
- cik: 0001580864
- company_name: Vroom, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580864/000095017024053606/0000950170-24-053606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580864/000095017024053606/vrm-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-053606
- JSON: https://secwatch.observer/filing/0000950170-24-053606.json
- Plain text: https://secwatch.observer/filing/0000950170-24-053606.txt

## Key facts
- Debt Financings
  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
  source text: the Trust issued $315,821,000 of asset-backed notes with the following characteristics (collectively, the “ Notes ”):
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580864/000095017024053606/0000950170-24-053606-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.