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.
Loading...
Loading...
VRM Logo
VRMVroom Inc
$41.947.93%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
99.39
Growth
11.20
Quality
-
Value
18.95
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...