Financing ·
Vroom raises $20M via preferred units with SOFR-plus-8.50% to 9.25% rates for debt repayment
VRMVroom, Inc.
On September 30, 2026, Vroom Automotive LLC issued 16,000 Series A1 and 4,000 Series B1 preferred units to SPE Holdings 2026-1 for $20 million in gross proceeds. The transaction establishes a variable distribution rate resetting quarterly at SOFR plus 8.50% for Series A1 and 9.25% for Series B1. Series B1 units are convertible into common units, while Series A1 units are not. Proceeds will repay obligations and purchase residual interests in asset-backed securitization trusts. Vroom operates in the automotive retail industry.