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Vroom to repackage debt ahead of bankruptcy filing 

UACC operations unaffected; originations at $100M in Q3 

Amanda HarrisbyAmanda Harris
November 12, 2024
in Earnings, Risk Management
Reading Time: 3 mins read
0

Vroom is restructuring its debt as it prepares to file for bankruptcy protection on the heels of winding down its e-commerce business in January.   The company entered into an agreement with creditors to restructure $290 million of unsecured convertible notes into equity through a prepackaged Chapter 11 case, according to Vroom’s third-quarter earnings release […]

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Tags: bankruptcyPremiumUACCUnited Auto CreditVroom
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