World Omni Auto Receivables Trust 2023-B

10/29/2025 | Press release | Distributed by Public on 10/29/2025 05:35

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

World Omni Auto Receivables Trust 2023-B

Monthly Servicer Certificate

September 30, 2025

Dates Covered
Collections Period 09/01/25 - 09/30/25
Interest Accrual Period 09/15/25 - 10/14/25
30/360 Days 30
Actual/360 Days 30
Distribution Date 10/15/25
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 08/31/25 323,621,620.28 19,514
Yield Supplement Overcollateralization Amount 08/31/25 20,035,275.01 0
Receivables Balance 08/31/25 343,656,895.29 19,514
Principal Payments 17,324,964.05 575
Defaulted Receivables 662,056.00 27
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 09/30/25 18,527,125.84 0
Pool Balance at 09/30/25 307,142,749.40 18,912
Pool Statistics $ Amount # of Accounts
Pool Factor 28.01 %
Prepayment ABS Speed 1.36 %
Aggregate Starting Principal Balance 1,162,826,061.02 44,579
Delinquent Receivables:
Past Due 31-60 days 6,555,728.71 260
Past Due 61-90 days 2,373,434.18 94
Past Due 91-120 days 325,127.06 12
Past Due 121+ days 0.00 0
Total 9,254,289.95 366
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.84 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.83 %
Delinquency Trigger Occurred NO
Recoveries 639,339.76
Aggregate Net Losses/(Gains) - September 2025 22,716.24
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.08 %
Prior Net Losses/(Gains) Ratio 0.77 %
Second Prior Net Losses/(Gains) Ratio 0.06 %
Third Prior Net Losses/(Gains) Ratio 0.09 %
Four Month Average 0.25 %
Cumulative Net Loss as a % of Aggregate Starting Principal Balance 0.63 %
Overcollateralization Target Amount 5,232,239.66
Actual Overcollateralization 5,232,239.66
Weighted Average Contract Rate 5.85 %
Weighted Average Contract Rate, Yield Adjusted 10.13 %
Weighted Average Remaining Term 35.73
Flow of Funds $ Amount
Collections 19,675,036.44
Investment Earnings on Cash Accounts 11,063.44
Servicing Fee (286,380.75 )
Transfer to Collection Account -
Available Funds 19,399,719.13
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 1,055,048.93
(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 11,246,631.22
(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 1,670,596.57
Total Distributions of Available Funds 19,399,719.13
Servicing Fee 286,380.75
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 @ 09/15/25 318,389,380.62
Principal Paid 16,478,870.88
Note Balance @ 10/15/25 301,910,509.74
Class A-1
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class A-2a
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class A-2b
Note Balance @ 09/15/25 0.00
Principal Paid 0.00
Note Balance @ 10/15/25 0.00
Note Factor @ 10/15/25 0.0000000 %
Class A-3
Note Balance @ 09/15/25 171,759,380.62
Principal Paid 16,478,870.88
Note Balance @ 10/15/25 155,280,509.74
Note Factor @ 10/15/25 52.2478162 %
Class A-4
Note Balance @ 09/15/25 99,500,000.00
Principal Paid 0.00
Note Balance @ 10/15/25 99,500,000.00
Note Factor @ 10/15/25 100.0000000 %
Class B
Note Balance @ 09/15/25 31,390,000.00
Principal Paid 0.00
Note Balance @ 10/15/25 31,390,000.00
Note Factor @ 10/15/25 100.0000000 %
Class C
Note Balance @ 09/15/25 15,740,000.00
Principal Paid 0.00
Note Balance @ 10/15/25 15,740,000.00
Note Factor @ 10/15/25 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 1,250,251.68
Total Principal Paid 16,478,870.88
Total Paid 17,729,122.56
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 4.37208 %
Coupon 5.08208 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 4.66000 %
Interest Paid 666,998.93
Principal Paid 16,478,870.88
Total Paid to A-3 Holders 17,145,869.81
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 1.1977541
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 15.7869297
Total Distribution Amount 16.9846838
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 2.2442763
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 55.4470756
Total A-3 Distribution Amount 57.6913519
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 682.49
Noteholders' Principal Distributable Amount 317.51
Account Balances $ Amount
Reserve Account
Balance as of 09/15/25 2,616,119.83
Investment Earnings 8,846.87
Investment Earnings Paid (8,846.87 )
Deposit/(Withdrawal) -
Balance as of 10/15/25 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 $ 2,557,614.82 $ 2,728,950.67 $ 2,706,198.22
Number of Extensions 113 116 115
Ratio of extensions to Beginning of Period Receivables Balance 0.74 % 0.76 % 0.71 %
World Omni Auto Receivables Trust 2023-B published this content on October 29, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 29, 2025 at 11:35 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]