Vroom Inc. has entered into a Note Purchase Agreement with Robert J. Mylod, Jr., the Independent Executive Chair of its board of directors. Under the agreement, Vroom will issue Senior Secured Delayed Draw Notes due 2026, with a maximum aggregate principal commitment of $10.5 million and an initial issuance of $5 million. The notes will bear interest at a rate equal to the three-month Term SOFR plus 7.50% and are secured by the company's assets. Proceeds from the notes are intended for working capital and general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vroom Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-115505), on November 26, 2025, and is solely responsible for the information contained therein.