CarMax $1.14 billion asset-backed securitisation

Overview:

• CarMax has issued $1.14 billion in asset-backed securities.
• The securities are backed by pools of motor vehicle retail installment sales contracts.
• The public offering was one of number of large issues by CarMax within a year of each other.
• Kirkland & Ellis (James Antonopoulos) advised CarMax.
• Mayer Brown (Elizabeth Raymond) advised the group of underwriters.

Kurt Stumpo - Journalist - North America and the Caribbean