Bullmarkets-Exchanges

Sunday, July 17, 2022

Thessaloniki Port Authority Societe Anonyme NET DEBT €

winner of the week : Quest Holdings ( ATHEX )

winner of the week

Quest Holdings ( ATHEX )

Saturday, July 16, 2022

Vroom Announces Pricing of UACC Auto Loan Securitization

Jul 15, 2022

NEW YORK--(BUSINESS WIRE)--Jul. 15, 2022-- Vroom (NASDAQ: VRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced that United Auto Credit Corporation (UACC), an indirect wholly-owned subsidiary of the company, priced an auto loan securitization of $255.080 million in aggregate principal amount of automobile receivable backed notes (the “Notes”) on July 14, 2022.

The Q3 2022 securitization is a private offering under Rule 144A in which UACC offered approximately $242.325 million of the Notes. The transaction represents UACC's 14th securitization overall and second since its acquisition by Vroom on February 1, 2022. The transaction features five classes of sequential-pay securities with expected ratings of AAA/AAA through BB/BB by S&P Global Ratings and DBRS Morningstar, respectively.

UACC expects to sell approximately $285.000 million in principal balance of auto loans to a special purpose trust and receive proceeds from the issuance and sale of the rated Notes. UACC will retain a 5% vertical risk retention interest in each class of Notes in order to satisfy the U.S. credit risk retention regulations.