EX-99.1 2 tm2521327d36_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

World Omni Auto Receivables Trust 2025-B            
Monthly Servicer Certificate            
June 30, 2025            
             
Dates Covered            
Collections Period   06/01/25 - 06/30/25           
Interest Accrual Period   06/16/25 - 07/14/25           
30/360 Days   30           
Actual/360 Days   29           
Distribution Date   07/15/25           
                
Collateral Pool Balance Data   $ Amount    # of Accounts      
Pool Balance at 05/31/25   1,149,047,968.90    46,876      
Yield Supplement Overcollateralization Amount 05/31/25   63,972,510.99    0      
Receivables Balance 05/31/25   1,213,020,479.89    46,876      
Principal Payments   43,836,751.09    1,522      
Defaulted Receivables   315,170.78    8      
Repurchased Accounts   0.00    0      
Yield Supplement Overcollateralization Amount at 06/30/25   60,856,133.77    0      
Pool Balance at 06/30/25   1,108,012,424.25    45,346      
                
Pool Statistics   $ Amount    # of Accounts      
Pool Factor   91.19%          
Prepayment ABS Speed   1.88%          
Aggregate Starting Principal Balance   1,281,827,259.43    48,293      
                
Delinquent Receivables:               
Past Due 31-60 days   6,757,482.11    292      
Past Due 61-90 days   1,852,090.54    65      
Past Due 91-120 days   144,528.22    4      
Past Due 121+ days   0.00    0      
 Total   8,754,100.87    361      
                
Total 31+ Delinquent as % Aggregate Ending Principal Balance   0.75%          
Total 61+ Delinquent as % Aggregate Ending Principal Balance   0.17%          
Delinquency Trigger Occurred   NO           
                
Recoveries   185,653.72           
Aggregate Net Losses/(Gains) - June 2025   129,517.06           
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):               
Current Net Losses/(Gains) Ratio   0.13%          
Prior Net Losses/(Gains) Ratio   0.06%          
Second Prior Net Losses/(Gains) Ratio   N/A           
Third Prior Net Losses/(Gains) Ratio   N/A           
Four Month Average   N/A           
                
Cumulative Net Loss as a % of Aggregate Starting Principal Balance   0.02%          
                
Overcollateralization Target Amount   9,972,111.82           
Actual Overcollateralization   9,972,111.82           
Weighted Average Contract Rate   6.54%          
Weighted Average Contract Rate, Yield Adjusted   9.12%          
Weighted Average Remaining Term   58.90           
                
Flow of Funds   $ Amount           
Collections   50,650,054.22           
Investment Earnings on Cash Accounts   47,570.54           
Servicing Fee   (1,010,850.40)          
Transfer to Collection Account   -           
Available Funds   49,686,774.36           
                
Distributions of Available Funds               
    (1)  Asset Representation Reviewer Amounts (up to $150,000 per year)   -           
    (2)  Class A Interest   3,984,609.29           
    (3)  Noteholders' First Priority Principal Distributable Amount   -           
    (4)  Class B Interest   -           
    (5)  Noteholders' Second Priority Principal Distributable Amount   13,764,470.48           
    (6)  Class C Interest   -           
    (7)  Noteholders' Third Priority Principal Distributable Amount   18,200,000.00           
    (8)  Required Reserve Account   -           
    (9)  Noteholders' Principal Distributable Amount   9,972,111.82           
   (10)  Asset Representation Reviewer Amounts (in excess of 1)   -           
   (11)  Distribution to Certificateholders   3,765,582.77           
                
Total Distributions of Available Funds   49,686,774.36           
                
Servicing Fee   1,010,850.40           
Unpaid Servicing Fee   -           
Change in amount of the unpaid servicing fee from the prior period   -           

 

 

 

Note Balances & Note Factors   $ Amount           
Original Class A   1,158,330,000.00           
Original Class B   36,380,000.00           
Original Class C   18,200,000.00           
                
Total Class A, B, & C               
Note Balance @ 06/16/25   1,139,976,894.73           
Principal Paid   41,936,582.30           
Note Balance @ 07/15/25   1,098,040,312.43           
                
Class A-1               
Note Balance @ 06/16/25   187,066,894.73           
Principal Paid   41,936,582.30           
Note Balance @ 07/15/25   145,130,312.43           
Note Factor @ 07/15/25   55.8193509%          
                
Class A-2a               
Note Balance @ 06/16/25   220,000,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   220,000,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class A-2b               
Note Balance @ 06/16/25   188,000,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   188,000,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class A-3               
Note Balance @ 06/16/25   408,000,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   408,000,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class A-4               
Note Balance @ 06/16/25   82,330,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   82,330,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class B               
Note Balance @ 06/16/25   36,380,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   36,380,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Class C               
Note Balance @ 06/16/25   18,200,000.00           
Principal Paid   0.00           
Note Balance @ 07/15/25   18,200,000.00           
Note Factor @ 07/15/25   100.0000000%          
                
Interest & Principal Payments   $ Amount           
Total Interest Paid   3,984,609.29           
Total Principal Paid   41,936,582.30           
Total Paid   45,921,191.59           
                
Class A-1               
Coupon   4.46100%          
Interest Paid   672,240.48           
Principal Paid   41,936,582.30           
Total Paid to A-1 Holders   42,608,822.78           
                
Class A-2a               
Coupon   4.38000%          
Interest Paid   803,000.00           
Principal Paid   0.00           
Total Paid to A-2a Holders   803,000.00           
                
Class A-2b               
SOFR Rate   4.30385%          
Coupon   4.77385%          
Interest Paid   722,973.06           
Principal Paid   0.00           
Total Paid to A-2b Holders   722,973.06           
                
Class A-3               
Coupon   4.34000%          
Interest Paid   1,475,600.00           
Principal Paid   0.00           
Total Paid to A-3 Holders   1,475,600.00           
                
Class A-4               
Coupon   4.53000%          
Interest Paid   310,795.75           
Principal Paid   0.00           
Total Paid to A-4 Holders   310,795.75           
                
Class B               
Coupon   0.00000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to B Holders   0.00           

 

 

 

Class C               
Coupon   0.00000%          
Interest Paid   0.00           
Principal Paid   0.00           
Total Paid to C Holders   0.00           
                
Distribution per $1,000 of Notes    Total            
Total Interest Distribution Amount   3.2851648           
Total Interest Carryover Shortfall   0.0000000           
Total Principal Distribution Amount   34.5751806           
Total Distribution Amount   37.8603454           
                
A-1 Interest Distribution Amount   2.5855403           
A-1 Interest Carryover Shortfall   0.0000000           
A-1 Principal Distribution Amount   161.2945473           
Total A-1 Distribution Amount   163.8800876           
                
A-2a  Interest Distribution Amount   3.6500000           
A-2a Interest Carryover Shortfall   0.0000000           
A-2a  Principal Distribution Amount   0.0000000           
Total A-2a  Distribution Amount   3.6500000           
                
A-2b  Interest Distribution Amount   3.8456014           
A-2b Interest Carryover Shortfall   0.0000000           
A-2b  Principal Distribution Amount   0.0000000           
Total A-2b  Distribution Amount   3.8456014           
                
A-3 Interest Distribution Amount   3.6166667           
A-3 Interest Carryover Shortfall   0.0000000           
A-3 Principal Distribution Amount   0.0000000           
Total A-3 Distribution Amount   3.6166667           
                
A-4 Interest Distribution Amount   3.7750000           
A-4 Interest Carryover Shortfall   0.0000000           
A-4 Principal Distribution Amount   0.0000000           
Total A-4 Distribution Amount   3.7750000           
                
B Interest Distribution Amount   0.0000000           
B Interest Carryover Shortfall   0.0000000           
B Principal Distribution Amount   0.0000000           
Total B Distribution Amount   0.0000000           
                
C Interest Distribution Amount   0.0000000           
C Interest Carryover Shortfall   0.0000000           
C Principal Distribution Amount   0.0000000           
Total C Distribution Amount   0.0000000           
                
Noteholders' First Priority Principal Distributable Amount   0.00           
Noteholders' Second Priority Principal Distributable Amount   328.22           
Noteholders' Third Priority Principal Distributable Amount   433.99           
Noteholders' Principal Distributable Amount   237.79           
                
Account Balances   $ Amount           
Reserve Account               
Balance as of 06/16/25   3,032,278.96           
Investment Earnings   10,625.86           
Investment Earnings Paid   (10,625.86)          
Deposit/(Withdrawal)   -           
Balance as of 07/15/25   3,032,278.96           
Change   -           
                
Required Reserve Amount   3,032,278.96