CarMax plans to issue $800 million of  asset-backed securities backed by prime auto loans, according to a deal prospectus filed with the Securities and Exchange Commission.

It’s the issuer’s first deal of 2014.  The deal called CarMax Auto Owner Trust 2014-1 is structured with four tranches of class A notes, class B notes, class C notes and class D notes.

Bank of America Merrill Lynch, JP Morgan and Wells Fargo are the lead managers of the deal. Barclays, RBC Capital Markets, RBS and Scotiabank are co-managers on the class A notes.

CarMax last issued from its auto owner trust structure in October 2013. In December, the issuer announced that it would it would begin offering subprime auto loans in the fourth quarter of its fiscal 2014.

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