World Omni Financial Corp. plans to issue a $903.8 million from its World Omni Auto Receivables Trust program.
The 2013-A deal will be structured with $245 million of class A-1 notes that will be marketed to money market funds ; $275 million of class A-2 notes; $270 million of class A-3 notes; $94.9 million of class A-4 notes; and $18.9 million of class B notes, according to a deal prospectus filed with US Securities and Exchange Commission.
Bank of America Merill Lynch; Wells Fargo and JP Morgan are joint bookrunners on the deal’s class A and B notes.
Barclays, PNC Capital Markets, Morgan Stanley, BB&T Capital Markets, Co-America Securities and Regions Securities are co-managing the B notes on the deal
World Omni is a wholly owned subsidiary of JM Family Enterprises. Through its subsidiaries, the firm offers a full range of automotive-related distribution and financial services to Toyota dealerships in Alabama, Florida, Georgia, North Carolina and South Carolina and provides financial services to other dealerships throughout the country.