World Omni Auto Receivables Trust 2023-B

01/29/2026 | Press release | Distributed by Public on 01/29/2026 06:09

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

World Omni Auto Receivables Trust 2023-B
Monthly Servicer Certificate
December 31, 2025
Dates Covered
Collections Period 12/01/25 - 12/31/25
Interest Accrual Period 12/15/25 - 01/14/26
30/360 Days 30
Actual/360 Days 31
Distribution Date 01/15/26
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 11/30/25 278,806,651.51 18,034
Yield Supplement Overcollateralization Amount 11/30/25 15,950,523.25 0
Receivables Balance 11/30/25 294,757,174.76 18,034
Principal Payments 15,549,463.12 626
Defaulted Receivables 535,535.98 25
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 12/31/25 14,678,905.04 0
Pool Balance at 12/31/25 263,993,270.62 17,383
Pool Statistics $ Amount # of Accounts
Pool Factor 23.97 %
Prepayment ABS Speed 1.31 %
Aggregate Starting Principal Balance 1,162,826,061.02 44,579
Delinquent Receivables:
Past Due 31-60 days 6,731,870.25 291
Past Due 61-90 days 1,999,023.01 80
Past Due 91-120 days 594,866.22 23
Past Due 121+ days 0.00 0
Total 9,325,759.48 394
Total 31+ Delinquent as % Aggregate Ending Principal Balance 3.35 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.93 %
Delinquency Trigger Occurred NO
Recoveries 368,435.26
Aggregate Net Losses/(Gains) - December 2025 167,100.72
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.68 %
Prior Net Losses/(Gains) Ratio 0.60 %
Second Prior Net Losses/(Gains) Ratio 0.06 %
Third Prior Net Losses/(Gains) Ratio 0.08 %
Four Month Average 0.36 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.66 %
Overcollateralization Target Amount 5,232,239.66
Actual Overcollateralization 5,232,239.66
Weighted Average Contract Rate 5.90 %
Weighted Average Contract Rate, Yield Adjusted 10.13 %
Weighted Average Remaining Term 33.19
Flow of Funds $ Amount
Collections 17,389,331.56
Investment Earnings on Cash Accounts 10,907.04
Servicing Fee (245,630.98 )
Transfer to Collection Account -
Available Funds 17,154,607.62
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 881,017.47
(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 9,581,141.23
(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 1,265,006.51
Total Distributions of Available Funds 17,154,607.62
Servicing Fee 245,630.98
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 @ 12/15/25 273,574,411.85
Principal Paid 14,813,380.89
Note Balance @ 01/15/26 258,761,030.96
Class A-1
Note Balance @ 12/15/25 0.00
Principal Paid 0.00
Note Balance @ 01/15/26 0.00
Note Factor @ 01/15/26 0.0000000 %
Class A-2a
Note Balance @ 12/15/25 0.00
Principal Paid 0.00
Note Balance @ 01/15/26 0.00
Note Factor @ 01/15/26 0.0000000 %
Class A-2b
Note Balance @ 12/15/25 0.00
Principal Paid 0.00
Note Balance @ 01/15/26 0.00
Note Factor @ 01/15/26 0.0000000 %
Class A-3
Note Balance @ 12/15/25 126,944,411.85
Principal Paid 14,813,380.89
Note Balance @ 01/15/26 112,131,030.96
Note Factor @ 01/15/26 37.7291490 %
Class A-4
Note Balance @ 12/15/25 99,500,000.00
Principal Paid 0.00
Note Balance @ 01/15/26 99,500,000.00
Note Factor @ 01/15/26 100.0000000 %
Class B
Note Balance @ 12/15/25 31,390,000.00
Principal Paid 0.00
Note Balance @ 01/15/26 31,390,000.00
Note Factor @ 01/15/26 100.0000000 %
Class C
Note Balance @ 12/15/25 15,740,000.00
Principal Paid 0.00
Note Balance @ 01/15/26 15,740,000.00
Note Factor @ 01/15/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,076,220.22
Total Principal Paid 14,813,380.89
Total Paid 15,889,601.11
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 3.98385 %
Coupon 4.69385 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 4.66000 %
Interest Paid 492,967.47
Principal Paid 14,813,380.89
Total Paid to A-3 Holders 15,306,348.36
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 1.0310302
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 14.1913730
Total Distribution Amount 15.2224032
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 1.6587062
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 49.8431389
Total A-3 Distribution Amount 51.5018451
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 646.79
Noteholders' Principal Distributable Amount 353.21
Account Balances $ Amount
Reserve Account
Balance as of 12/15/25 2,616,119.83
Investment Earnings 7,956.04
Investment Earnings Paid (7,956.04 )
Deposit/(Withdrawal) -
Balance as of 01/15/26 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 $ 2,286,303.03 $ 2,383,270.98 $ 2,782,658.06
Number of Extensions 107 107 122
Ratio of extensions to Beginning of Period Receivables Balance 0.78 % 0.77 % 0.85 %
World Omni Auto Receivables Trust 2023-B published this content on January 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 29, 2026 at 12:09 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]