Vroom Signs Preferred Unit Purchase Agreement With SPE Holdings 2026-1
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Vroom has signed a Preferred Unit Purchase Agreement with SPE Holdings 2026-1, issuing 15,000 Series A and 7,500 Series B preferred units for $22.5 million. The Series A units offer quarterly distributions tied to the 90-day average SOFR plus 8.25%, while Series B offers 9% and is convertible into common units at the counterparty's option. Proceeds will be used for general corporate purposes. The agreement was signed on January 16, 2026.
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