secwatch.observer — SEC 8-K summary
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Issuer:     WORLD OMNI AUTO RECEIVABLES LLC (—)
CIK:        0001083199
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001104659-24-062482
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Omni Auto Receivables Trust 2024-B issues $1.18B in asset-backed notes
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- Underwriting agreement with TD, Barclays, BofA, and Truist for $1,176,800,000 notes.
- Classes: A-1 $230M at 5.534%, A-2a $200M at 5.48%, A-2b $228.5M floating, A-3 $428.5M at 5.27%, A-4 $89.8M at 5.23%, B $37M at 5.38%, C $18.5M at 5.47%.
- Expected issuance May 22, 2024; collateral is motor vehicle retail installment sale contracts.
- Class B and C notes not publicly offered; initially retained by sponsor or affiliates.
- Purchase price: $1,171,300,558.69 cash plus $163,809,182.41 capital contribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083199/000110465924062482/0001104659-24-062482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083199/000110465924062482/tm2413015d11_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-062482

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