World Omni is braving the August hear to bring $941.49 million of notes backed by auto loans to market.

World Omni Auto Receivables Trust 2016-B will issue five tranches of notes with preliminary ratings from Fitch Ratings; there is a $192 million money market tranche rated ‘F1’ and three senior term tranches totaling %723.48 million that are rated ‘AAA.’ All four benefit from 5.2% credit enhancement.

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