CarMax is planning its third auto loan securitization of the year, according to a regulatory filing.
The $800 million CarMax Auto Owner Trust 2013-3 will issue four classes of senior class A notes totaling $748 million, $19.6 million of class B notes, $17.6 million of class C notes and $14.4 million of class D notes.
J.P Morgan, Bank of America Merrill Lynch and Wells Fargo Securities are acting as joint bookrunners of the A, B, C and D classes; Barclays, RBC Capital Markets and RBS join as co-managers of the class A notes.
