Vroom announced an amendment to its UACC Warehouse Credit Facility that extends the commitment termination date to June 2, 2027 and updates key covenants. The amendment raises the maximum permitted leverage ratio, simplifies and reduces the minimum tangible net worth threshold, updates performance triggers, and increases the maximum advance rate. In tandem, Vroom Finance Holdings provided a Performance Guaranty in favor of the administrative agent to support obligations under the facility. The changes are designed to enhance liquidity and funding flexibility for the company's auto finance operations.
Agreement 1: Vroom Extends UACC Warehouse Credit Facility to June 2027, Eases Covenants and Raises Advance Rate
- Agreement type: Amendment to asset-backed warehouse credit facility
- Counterparty: JPMorgan Chase Bank, as administrative agent, and other lenders
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Extended to Jun 02 2027
- Reason: Extend liquidity and ease covenants
Agreement 2: Vroom Finance Holdings Delivers Performance Guaranty Backing Warehouse Facility Obligations
- Agreement type: Performance guaranty supporting Warehouse Credit Facility obligations
- Counterparty: JPMorgan Chase Bank, as administrative agent
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Until facility obligations satisfied
- Reason: Strengthen lender protections and support increased advance rate
Original SEC Filing:
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