World Omni Auto Receivables Trust 2023-B

07/29/2026 | Press release | Distributed by Public on 07/29/2026 09:55

Asset-Backed Issuer Distribution Report (Form 10-D)

World Omni Auto Receivables Trust 2023-B
Monthly Servicer Certificate
June 30, 2026
Dates Covered
Collections Period 06/01/26 - 06/30/26
Interest Accrual Period 06/15/26 - 07/14/26
30/360 Days 30
Actual/360 Days 30
Distribution Date 07/15/26
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 05/31/26 200,954,446.03 15,356
Yield Supplement Overcollateralization Amount 05/31/26 9,589,286.38 0
Receivables Balance 05/31/26 210,543,732.41 15,356
Principal Payments 12,336,946.79 346
Defaulted Receivables 171,874.45 11
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 06/30/26 8,730,386.99 0
Pool Balance at 06/30/26 189,304,524.18 14,999
Pool Statistics $ Amount # of Accounts
Pool Factor 17.03 %
Prepayment ABS Speed 1.21 %
Aggregate Starting Principal Balance 1,162,826,061.02 44,579
Delinquent Receivables:
Past Due 31-60 days 5,081,810.17 262
Past Due 61-90 days 1,343,556.94 69
Past Due 91-120 days 399,175.70 21
Past Due 121+ days 0.00 0
Total 6,824,542.81 352
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.45 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.88 %
Delinquency Trigger Occurred NO
Recoveries 205,965.09
Aggregate Net Losses/(Gains) - June 2026 (34,090.64 )
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio -0.19 %
Prior Net Losses/(Gains) Ratio -0.22 %
Second Prior Net Losses/(Gains) Ratio 0.76 %
Third Prior Net Losses/(Gains) Ratio 0.21 %
Four Month Average 0.14 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.68 %
Overcollateralization Target Amount 5,232,239.66
Actual Overcollateralization 5,232,239.66
Weighted Average Contract Rate 6.01 %
Weighted Average Contract Rate, Yield Adjusted 10.14 %
Weighted Average Remaining Term 28.05
Flow of Funds $ Amount
Collections 13,621,947.97
Investment Earnings on Cash Accounts 8,793.32
Servicing Fee (175,453.11 )
Transfer to Collection Account -
Available Funds 13,455,288.18
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 578,691.40
(3) Noteholders' First Priority Principal Distributable Amount -
(4) Class B Interest 127,914.25
(5) Noteholders' Second Priority Principal Distributable Amount -
(6) Class C Interest 67,288.50
(7) Noteholders' Third Priority Principal Distributable Amount 6,417,682.19
(8) Required Reserve Account -
(9) Noteholders' Principal Distributable Amount 5,232,239.66
(10) Asset Representation Reviewer Amounts (in excess of 1) -
(11) Distribution to Certificateholders 1,031,472.18
Total Distributions of Available Funds 13,455,288.18
Servicing Fee 175,453.11
Unpaid Servicing Fee -
Change in amount of the unpaid servicing fee from the prior period -
Note Balances & Note Factors $ Amount
Original Class A 996,700,000.00
Original Class B 31,390,000.00
Original Class C 15,740,000.00
Total Class A, B, & C
Note Balance @ 06/15/26 195,722,206.37
Principal Paid 11,649,921.85
Note Balance @ 07/15/26 184,072,284.52
Class A-1
Note Balance @ 06/15/26 0.00
Principal Paid 0.00
Note Balance @ 07/15/26 0.00
Note Factor @ 07/15/26 0.0000000 %
Class A-2a
Note Balance @ 06/15/26 0.00
Principal Paid 0.00
Note Balance @ 07/15/26 0.00
Note Factor @ 07/15/26 0.0000000 %
Class A-2b
Note Balance @ 06/15/26 0.00
Principal Paid 0.00
Note Balance @ 07/15/26 0.00
Note Factor @ 07/15/26 0.0000000 %
Class A-3
Note Balance @ 06/15/26 49,092,206.37
Principal Paid 11,649,921.85
Note Balance @ 07/15/26 37,442,284.52
Note Factor @ 07/15/26 12.5983461 %
Class A-4
Note Balance @ 06/15/26 99,500,000.00
Principal Paid 0.00
Note Balance @ 07/15/26 99,500,000.00
Note Factor @ 07/15/26 100.0000000 %
Class B
Note Balance @ 06/15/26 31,390,000.00
Principal Paid 0.00
Note Balance @ 07/15/26 31,390,000.00
Note Factor @ 07/15/26 100.0000000 %
Class C
Note Balance @ 06/15/26 15,740,000.00
Principal Paid 0.00
Note Balance @ 07/15/26 15,740,000.00
Note Factor @ 07/15/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 773,894.15
Total Principal Paid 11,649,921.85
Total Paid 12,423,816.00
Class A-1
Coupon 5.31600 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-1 Holders 0.00
Class A-2a
Coupon 5.25000 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2a Holders 0.00
Class A-2b
SOFR Rate 3.59301 %
Coupon 4.30301 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 4.66000 %
Interest Paid 190,641.40
Principal Paid 11,649,921.85
Total Paid to A-3 Holders 11,840,563.25
Class A-4
Coupon 4.68000 %
Interest Paid 388,050.00
Principal Paid 0.00
Total Paid to A-4 Holders 388,050.00
Class B
Coupon 4.89000 %
Interest Paid 127,914.25
Principal Paid 0.00
Total Paid to B Holders 127,914.25
Class C
Coupon 5.13000 %
Interest Paid 67,288.50
Principal Paid 0.00
Total Paid to C Holders 67,288.50
Distribution per $1,000 of Notes Total
Total Interest Distribution Amount 0.7413986
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 11.1607463
Total Distribution Amount 11.9021449
A-1 Interest Distribution Amount 0.0000000
A-1 Interest Carryover Shortfall 0.0000000
A-1 Principal Distribution Amount 0.0000000
Total A-1 Distribution Amount 0.0000000
A-2a Interest Distribution Amount 0.0000000
A-2a Interest Carryover Shortfall 0.0000000
A-2a Principal Distribution Amount 0.0000000
Total A-2a Distribution Amount 0.0000000
A-2b Interest Distribution Amount 0.0000000
A-2b Interest Carryover Shortfall 0.0000000
A-2b Principal Distribution Amount 0.0000000
Total A-2b Distribution Amount 0.0000000
A-3 Interest Distribution Amount 0.6414583
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 39.1989295
Total A-3 Distribution Amount 39.8403878
A-4 Interest Distribution Amount 3.9000000
A-4 Interest Carryover Shortfall 0.0000000
A-4 Principal Distribution Amount 0.0000000
Total A-4 Distribution Amount 3.9000000
B Interest Distribution Amount 4.0750000
B Interest Carryover Shortfall 0.0000000
B Principal Distribution Amount 0.0000000
Total B Distribution Amount 4.0750000
C Interest Distribution Amount 4.2750000
C Interest Carryover Shortfall 0.0000000
C Principal Distribution Amount 0.0000000
Total C Distribution Amount 4.2750000
Noteholders' First Priority Principal Distributable Amount 0.00
Noteholders' Second Priority Principal Distributable Amount 0.00
Noteholders' Third Priority Principal Distributable Amount 550.88
Noteholders' Principal Distributable Amount 449.12
Account Balances $ Amount
Reserve Account
Balance as of 06/15/26 2,616,119.83
Investment Earnings 7,525.43
Investment Earnings Paid (7,525.43 )
Deposit/(Withdrawal) -
Balance as of 07/15/26 2,616,119.83
Change -
Required Reserve Amount 2,616,119.83
Other Servicing Information Current Month Prior Month Two Months Prior
Principal Balance of Receivables extended during the Collection Period $ 1,268,230.36 $ 1,207,951.75 $ 1,491,723.11
Number of Extensions 66 69 76
Ratio of extensions to Beginning of Period Receivables Balance 0.60 % 0.54 % 0.63 %
World Omni Auto Receivables Trust 2023-B published this content on July 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 29, 2026 at 15:55 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]