CarMax filed a prospectus supplement to issue a deal backed by a pool of motor vehicle retail installment sale contracts.
The company is planning to issue a $650 million offering under its CarMax Auto Owner Trust 2011-2. The joint bookrunners are JPMorgan Securities, Bank of America Merrill Lynch and Wells Fargo.
Barclays Capital, RBC Capital Markets and Scotia Capital are the co-managers on the planned transaction.
For the complete filing, please click here.