Circuit City Stores has prepared a term deal that will mark the beginning of a regular pattern of issuance of new auto-loan product for the company.

Its Richmond, Va.-based CarMax Group unit will make its first venture into the public market with a $500 million auto loan transaction in late August or early September. The deal will mark the first time CarMax has securitized outside of the commercial paper market, and will shore up a one-two vanilla punch of cars and cards for Circuit City.

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