CarMax Prices Third 2013 Deal

31 Jul 2013

CarMax Auto Funding’s upsized prime auto loan asset-backed securitization has been priced by lead bookrunners JPMorgan, Bank of America Merrill Lynch and Wells Fargo, with the top-rated $321 million A2 tranche, with 1.1-year weighted average life, pricing at EDSF plus 25 basis points, for a yield of 0.599%, according to an announcement viewed by SI.

CarMax Auto Funding’s upsized prime auto loan asset-backed securitization has been priced by lead bookrunners JPMorgan, Bank of America Merrill Lynch and Wells Fargo, with the top-rated $321 million A2 tranche, with 1.1-year weighted average life, pricing at EDSF plus ...

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