Merchants Fleet Funding LLC

Deals

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
A	USD	491.040	1.93	Aaa	-	-	AAA	-	-	-	Fixed	I-Curve	110-115	105	5.82%	5.896%	99.99115
B	USD	23.664	3.20	Aa1	-	-	AA	-	-	-	Fixed	I-Curve	145-150	145	5.95%	6.028%	99.98927
C	USD	34.740	3.33	A1	-	-	A (H)	-	-	-	Fixed	I-Curve	175-180	170	6.18%	6.267%	99.97976
D	USD	31.596	3.49	NR	-	-	BBB	-	-	-	Fixed	I-Curve	250-260	240	6.85%	6.952%	99.98935
E	USD	18.960	3.63	NR	-	-	BB	-	-	-	Fixed	I-Curve	-	500	9.35%	9.540%	99.98219

More Details

Filings

ABS-15G

Tranche Comments

A: First Pay: 2024-07-22; Registration: 144A/Reg S; B: First Pay: 2024-07-22; Registration: 144A/Reg S; C: First Pay: 2024-07-22; Registration: 144A/Reg S; D: First Pay: 2024-07-22; Registration: 144A/Reg S; E: First Pay: 2024-07-22; Registration: 144A Only; Comments: Pre-Placed;

Deal Comments

Active Bookrunners: BNP (B&D), BMO. Passive Bookrunner: CIZ. The deal was upsized from US$500m to US$600m

Pricing Speed

100% PPC to maturity

Merchants Automotive Group LLC

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Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
M	NSP	58.840	9.19	-	-	-	AA	-	-	-	Oszzi	E-Zxoak	225	225	7.25%	7.362%	39.11150
A	JBP	32.120	8.70	-	-	-	VV	-	-	-	Hazpg	D-Pbtyb	625-650	725	10.80%	12.297%	27.26986
N	QAV	42.300	5.38	-	-	-	DDD	-	-	-	Aljyx	P-Zsozm	375	375	8.20%	8.817%	38.74690
N	TVT	431.160	5.78	-	-	-	WWW	-	-	-	Bcxfc	Z-Hxhfe	200	200	7.21%	7.328%	50.53790
K	CKE	85.970	3.30	-	-	-	O	-	-	-	Tbzns	H-Kugit	250	250	7.47%	7.590%	35.72967

More Details

Filings

EX-103

Tranche Comments

N: First Pay: 2023-11-20; Registration: 144B/Fjl P; M: First Pay: 2023-11-20; Registration: 144A/Etw M; K: First Pay: 2023-11-20; Registration: 144B/Fda Z; N: First Pay: 2023-11-20; Registration: 144I/Yxm L; A: First Pay: 2023-11-20; Registration: 144J Qide;

Deal Comments

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Collateral

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Risk Retention

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Pricing Speed

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