Vroom's UACC closes $234.2M subprime auto ABS; convertible note commitments raised to $60M

Vroom, Inc.

United Auto Credit sold $292.1M of subprime motor vehicle retail installment contracts to United Auto Credit Securitization Trust 2026-2, which issued $234.2M of asset-backed notes.
Note classes: A $105.0M at 5.09%, B $41.6M at 5.90%, C $26.1M at 6.36%, D $42.2M at 7.37%, E $19.3M at 9.59%; closing date Oct. 15, 2026.
Depositor retained at least 5% of each note class under Regulation RR; UACC is servicer at a 3.25% annual fee; clean-up call at 10% of initial receivables.
First Amendment to the May 14, 2026 Exchange and Subscription Agreement raised Senior Secured Delayed Draw Convertible Notes due 2032 commitments from $50.0M to $60.0M.
New commitments came from controlling stockholder Mudrick Capital and Annox Capital, controlled by Independent Executive Chair Robert J. Mylod Jr.

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