Vroom, Inc. (VRM): debt financing — Vroom subsidiary UACC closes $225M auto loan securitization, notes rates 4.41%-7.77%

Vroom, Inc.

UACC sold $274.9M of subprime auto receivables to trust; trust issued $225M in five tranches of asset-backed notes.
Note classes: A ($100.35M, 4.41%), B ($40.13M, 4.63%), C ($25.97M, 5.06%), D ($40M, 5.65%), E ($18.55M, 7.77%).
UACC will service the receivables for a 3.25% annualized fee; residual certificates ($100K) retained for risk retention.
ABS deal creates material long-term obligation; UACC is wholly owned subsidiary of Vroom, Inc. (VRM).

item 1.01 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Vroom, Inc. incurred debt of $225,000,000 with Computershare Trust Company, N.A. (as indenture trustee).

Principal: $225,000,000
Counterparty: Computershare Trust Company, N.A. (as indenture trustee)
Event: incurrence

Exact text from the filing

the Trust issued $225,000,000 of asset-backed notes with the following characteristics (collectively, the “ Notes ”):

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Vroom, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-040495

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