debt
confidence high
sentiment neutral
materiality 0.70
Bridgecrest Lending Auto Securitization Trust 2025-2 issues 7 classes of auto ABS on May 23, 2025
Bridgecrest Auto Funding LLC
- Issued Class A-1 4.670%, A-2 4.84%, A-3 4.78% notes; Class B 4.81%, C 5.17%, D 5.62%; Class E 7.74% retained.
- Underwriters Deutsche Bank, Citigroup, Wells Fargo, and Fifth Third placed the publicly registered notes.
- Proceeds used to purchase auto retail installment contracts from Bridgecrest Acceptance Corp.
- Transaction closed May 23, 2025; executed Indenture, Sale and Servicing, and other standard agreements.
item 1.01item 9.01