Vroom subsidiary UACC closes $324M auto loan ABS transaction

Vroom, Inc.

UACC sold $382M subprime auto receivables to trust; trust issued $324M in notes across 5 classes (4.80%-7.71%).
12% of receivables came from affiliate Vroom Automotive, LLC.
UACC retains at least 5% of each note class for risk retention under Regulation RR.
UACC will service the receivables for a monthly fee equal to 3.25% of aggregate principal balance.
Events of default include payment failure, breach, or bankruptcy; indenture trustee may accelerate notes.

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