other material
confidence low
sentiment neutral
materiality 0.50
Bridgecrest Auto Funding completes $??M auto ABS securitization with 7 note classes
Bridgecrest Auto Funding LLC
- Issued notes: Class A-1 (3.971%), A-2 (4.24%), A-3 (4.27%), B (4.56%), C (4.88%), D (5.19%) and unregistered Class E (7.17%).
- Underwriting Agreement signed April 16, 2026 with Wells Fargo Securities; closing expected April 28, 2026.
- Securitization backed by motor vehicle retail installment sale contracts on new/used autos, light trucks, SUVs, vans.
- BAC (sponsor) to sell receivables to BAF (depositor) and act as servicer; Computershare Trust named indenture trustee.