Vroom Reveals Pricing Of UACC Auto Loan Securitization

  • Vroom Inc VRM subsidiary, United Auto Credit Corporation (UACC), has priced an auto loan securitization of $255.08 million of automobile receivable backed notes.
  • The transaction represents UACC's fourteenth securitization overall and second since its acquisition by Vroom on February 1, 2022. The offering features five classes of sequential-pay securities.
  • UACC expects to sell about $285.00 million in the principal balance of auto loans to a special purpose trust.
  • The company expects transaction settlement for the Notes on or about July 20, 2022.
  • Price Action: VRM shares are trading higher by 5.41% at $1.56 on the last check Friday.
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