debt
confidence high
sentiment neutral
materiality 0.50
Bridgecrest closes 2025-3 auto ABS; $35.75M Class E notes issued at 6.62%
Bridgecrest Auto Funding LLC
- Issued six classes of registered notes: A-1 4.506%, A-2 4.73%, A-3 4.66%, B 4.73%, C 4.81%, D 5.27%.
- Private Class E notes at 6.62% in aggregate principal of $35,750,000 sold to QIBs under Rule 144A.
- Closing date July 29, 2025; BAC transferred motor vehicle retail installment contracts to the issuer trust.
- Underwriters: Citigroup, Deutsche Bank, Wells Fargo Securities, Fifth Third Securities.
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