# Vroom, Inc. (VRMWW) — restructuring/exchange_offer [announced]
Source: SEC API (secapi.ai) · situation sit_6655bf5f4b94feec049d · retrieved 2026-08-11T15:54:34.803Z

## Overview
Vroom, Inc. owns and operates United Auto Credit Corporation (UACC), a leading indirect automotive lender serving independent and franchise dealers nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail.

Vroom, Inc. exchanged $28.5 million of existing notes for $50.0 million of new Senior Secured Delayed Draw Convertible Notes due 2032. The company drew down $11.5 million of the facility during the second quarter 2026, with $10.0 million of availability remaining. This debt exchange strengthened Vroom's balance sheet and extended its liquidity runway to execute its long-term strategy.

## Terms
- Deal value: $50.0M · Consideration: mixed

## Key dates
- Announced 2026-08-04 · Expiry 2032-12-31

## Timeline
- 2026-08-04 · 8-K (0001193125-26-332803): 8-K - Vroom, Inc. — *Vroom, Inc. owns and operates United Auto Credit Corporation (UACC), a leading indirect automotive lender serving independent and franchise dealers nationwide, and CarStory, a leader in AI-powered analytics and digital services for automotive retail.* Vroom, Inc. exchanged $28.5 million of existing notes for $50.0 million of new Senior Secured Delayed Draw Convertible Notes due 2032. The company drew down $11.5 million of the facility during the second quarter 2026, with $10.0 million of availability remaining. This debt exchange strengthened Vroom's balance sheet and extended its liquidity runway to execute its long-term strategy.
  https://www.sec.gov/Archives/edgar/data/1580864/0001193125-26-332803.txt

## Citations
- 0001193125-26-332803 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526332803