0001193125-22-234203.txt : 20220830 0001193125-22-234203.hdr.sgml : 20220830 20220830172358 ACCESSION NUMBER: 0001193125-22-234203 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220830 DATE AS OF CHANGE: 20220830 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Carvana Auto Receivables Trust 2022-P3 CENTRAL INDEX KEY: 0001903756 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-263473-03 FILM NUMBER: 221215494 BUSINESS ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: (602) 852-6604 MAIL ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Carvana Receivables Depositor LLC CENTRAL INDEX KEY: 0001770373 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 833243432 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: (602) 852-6604 MAIL ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 FWP 1 d368550dfwp.htm FWP FWP

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-263473 and 333-263473-03

Joint-Leads: Deutsche Bank (str), BNP, and Wells Fargo

Passive Leads: Citi, Credit Suisse and Santander

Co Manager: Baird

** ANTICIPATED CAPITAL STRUCTURE **

CLS   SIZE(MM)   OFFERED(MM)   WAL*   P.WIN*   S/K   Spread   Yield   Cpn   $Price

 

A1

   $41.000   $38.950   0.19   01-04   A1+/K1+   Preplaced      

A2

   $125.380   $119.111   1.03   04-21   AAA/AAA   I-CURVE+105   4.471%   4.42%   99.98997

A3

   $125.380   $119.111   2.57   21-42   AAA/AAA   I-CURVE+120   4.661%   4.61%   99.98454

A4

   $38.930   $36.983   3.92   42-52   AAA/AAA   I-CURVE+155   4.909%   4.85%   99.96601

B

   $11.280   $10.716   4.49   52-56   AA/AA+   I-CURVE+180   5.097%   5.04%   99.98508

C

   $11.290   $10.725   4.82   56-60   A/A+   I-CURVE+235   5.612%   5.54%   99.96829

D

   $10.740   $10.203   5.24   60-65   BBB/BBB+   I-CURVE+335   6.585%   6.49%   99.97136

N

   $ 3.315   $ 3.149   0.47   04-08   BB-/BBB   Preplaced      

R

   — Preplaced —        

 

* Based on 1.30% ABS Pricing Speed to 2% Call

** Transaction Details **

Rated Notes Issued Amount: $367.315mm

Rated Notes Offered Amount: $348.948mm

Offering Format: A1-D: SEC Registered / N-R: 144A, Reg S

Exp. Ratings:    S&P / KBRA
ERISA:    A1-D: Yes / N-R: No
Min Denoms:    A-1 - D: $1k x $1k | N: $150k x $1k | R: 1.75k x 1 Unit
BBG Ticker:    CRVNA 2022-P3
Expected Settle:    09/08/22
First Pay Date:    10/11/22
B&D:    Deutsche Bank

** Available Materials **

Attached: Preliminary Prospectus, Rating FWP, CDI

Deal Roadshow: https://dealroadshow.com | Password (case-sensitive): CRVNA22P3

Intex Dealname: dbCVAR22P3 | Password: 729K

The issuer has filed a registration statement (including a prospectus) with the SEC for the new offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-800-503-4611. This communication does not contain all information that is required to be included in the prospectus. The information in this communication is preliminary, and is subject to completion or change. Any investment decision with respect to the securities should be made by you based upon the information contained in the prospectus relating to the securities. There can be no assurance that actual pricing will be completed at the indicated value(s). This communication is not an offer to sell or a solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted. The foregoing also applies to any information provided in any subsequent discussion with you about the contents of this communication, regardless of the means of such subsequent discussion.