secwatch / observer
8-K filed April 25, 2024, 7:59 PM ET CIK 0001974820
debt confidence high sentiment neutral materiality 0.50

Bridgecrest 2024-2 auto ABS closes with notes at rates from 5.576% to 8.21%

Bridgecrest Auto Funding LLC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bridgecrest Auto Funding LLC entered into Purchase Agreement with Bridgecrest Acceptance Corporation and Bridgecrest Auto Funding LLC (effective 2024-04-24).

Action
entry
Agreement
asset purchase
Counterparty
Bridgecrest Acceptance Corporation and Bridgecrest Auto Funding LLC
Effective
2024-04-24
Exact text from the filing
Bridgecrest Acceptance Corporation (“BAC”) and Bridgecrest Auto Funding LLC (“BAF”) entered into a Purchase Agreement (the “Purchase Agreement”), dated as of April 24, 2024, (the “Closing Date”), pursuant to which BAC transferred to BAF certain motor vehicle retail installment sales contracts relating to certain new and used automobiles, light-duty trucks, SUVs and vans (the “Receivables”) and related property.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bridgecrest Auto Funding LLC entered into Sale and Servicing Agreement with the Grantor Trust, BAF, as seller, BAC, as servicer, and Computershare Trust Company, National Association, as indenture trustee and standby servicer (effective 2024-04-24).

Action
entry
Agreement
notes offering
Counterparty
the Grantor Trust, BAF, as seller, BAC, as servicer, and Computershare Trust Company, National Association, as indenture trustee and standby servicer
Effective
2024-04-24
Exact text from the filing
On the Closing Date, the Issuer entered into a Sale and Servicing Agreement, dated as of the Closing Date (the “Sale and Servicing Agreement”), with the Grantor Trust, BAF, as seller, BAC, as servicer, and Computershare Trust Company, National Association, as indenture trustee (the “Indenture Trustee”) and standby servicer, pursuant to which the Receivables and related property were transferred to the Issuer and pursuant to which BAC agreed to act as servicer for the Receivables.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bridgecrest Auto Funding LLC entered into Underwriting Agreement with BAC, BAF and Citigroup Global Markets Inc., on behalf of itself and as representative of the Underwriters (effective 2024-04-17).

Action
entry
Agreement
underwriting
Counterparty
BAC, BAF and Citigroup Global Markets Inc., on behalf of itself and as representative of the Underwriters
Effective
2024-04-17
Exact text from the filing
The Publicly Registered Notes were sold to Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Wells Fargo Securities, LLC and Fifth Third Securities, Inc. (together, the “Underwriters”), pursuant to an Underwriting Agreement, dated as of April 17, 2024, by and among BAC, BAF and Citigroup Global Markets Inc., on behalf of itself and as representative of the Underwriters.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bridgecrest Auto Funding LLC entered into Indenture with the Issuer, the Grantor Trust and the Indenture Trustee (effective 2024-04-24).

Action
entry
Agreement
notes offering
Counterparty
the Issuer, the Grantor Trust and the Indenture Trustee
Effective
2024-04-24
Exact text from the filing
Also, on the Closing Date, the Issuer entered into an Indenture, dated as of the Closing Date (the “Indenture”), by and among the Issuer, the Grantor Trust and the Indenture Trustee.
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268 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR
accession 0001193125-24-114317
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