other_material
confidence high
sentiment neutral
materiality 0.50
Bridgecrest closes $X million auto ABS deal with notes across six classes
Bridgecrest Auto Funding LLC
- Issued Class A-1 (4.506%), A-2 (4.73%), A-3 (4.66%), B (4.73%), C (4.81%), D (5.27%) notes; Class E (6.62%) retained.
- Underwriting Agreement with Citigroup Global Markets Inc. dated July 23, 2025; closing expected July 29, 2025.
- Transaction documents include Purchase, Sale & Servicing, Indenture, Trust Agreements; BAC acts as servicer.
- Pool consists of retail installment sales contracts on new/used autos, light trucks, SUVs, and vans.
- Asset Representations Review Agreement with Clayton Fixed Income Services LLC for post-closing review of reps.
item 1.01item 8.01item 9.01