World Omni Auto Receivables Trust 2023-B

04/29/2026 | Press release | Distributed by Public on 04/29/2026 07:06

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

World Omni Auto Receivables Trust 2023-B

Monthly Servicer Certificate

March 31, 2026

Dates Covered
Collections Period 03/01/26 - 03/31/26
Interest Accrual Period 03/16/26 - 04/14/26
30/360 Days 30
Actual/360 Days 30
Distribution Date 04/15/26
Collateral Pool Balance Data $ Amount # of Accounts
Pool Balance at 02/28/26 238,121,061.98 16,425
Yield Supplement Overcollateralization Amount 02/28/26 12,504,624.95 0
Receivables Balance 02/28/26 250,625,686.93 16,425
Principal Payments 14,482,855.33 408
Defaulted Receivables 354,599.79 18
Repurchased Accounts 0.00 0
Yield Supplement Overcollateralization Amount at 03/31/26 11,408,519.92 0
Pool Balance at 03/31/26 224,379,711.89 15,999
Pool Statistics $ Amount # of Accounts
Pool Factor 20.28 %
Prepayment ABS Speed 1.31 %
Aggregate Starting Principal Balance 1,162,826,061.02 44,579
Delinquent Receivables:
Past Due 31-60 days 5,110,225.23 233
Past Due 61-90 days 1,337,898.89 68
Past Due 91-120 days 394,407.02 19
Past Due 121+ days 0.00 0
Total 6,842,531.14 320
Total 31+ Delinquent as % Aggregate Ending Principal Balance 2.90 %
Total 61+ Delinquent as % Aggregate Ending Principal Balance 0.73 %
Delinquency Trigger Occurred NO
Recoveries 310,493.31
Aggregate Net Losses/(Gains) - March 2026 44,106.48
Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
Current Net Losses/(Gains) Ratio 0.21 %
Prior Net Losses/(Gains) Ratio 0.76 %
Second Prior Net Losses/(Gains) Ratio -0.07 %
Third Prior Net Losses/(Gains) Ratio 0.68 %
Four Month Average 0.40 %
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 5.95 %
Weighted Average Contract Rate, Yield Adjusted 10.14 %
Weighted Average Remaining Term 30.58
Flow of Funds $ Amount
Collections 16,013,335.28
Investment Earnings on Cash Accounts 9,136.87
Servicing Fee (208,854.74 )
Transfer to Collection Account -
Available Funds 15,813,617.41
Distributions of Available Funds
(1) Asset Representation Reviewer Amounts (up to $150,000 per year) -
(2) Class A Interest 723,021.76
(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 8,509,110.43
(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 1,154,042.81
Total Distributions of Available Funds 15,813,617.41
Servicing Fee 208,854.74
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 @ 03/16/26 232,888,822.32
Principal Paid 13,741,350.09
Note Balance @ 04/15/26 219,147,472.23
Class A-1
Note Balance @ 03/16/26 0.00
Principal Paid 0.00
Note Balance @ 04/15/26 0.00
Note Factor @ 04/15/26 0.0000000 %
Class A-2a
Note Balance @ 03/16/26 0.00
Principal Paid 0.00
Note Balance @ 04/15/26 0.00
Note Factor @ 04/15/26 0.0000000 %
Class A-2b
Note Balance @ 03/16/26 0.00
Principal Paid 0.00
Note Balance @ 04/15/26 0.00
Note Factor @ 04/15/26 0.0000000 %
Class A-3
Note Balance @ 03/16/26 86,258,822.32
Principal Paid 13,741,350.09
Note Balance @ 04/15/26 72,517,472.23
Note Factor @ 04/15/26 24.4002262 %
Class A-4
Note Balance @ 03/16/26 99,500,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 99,500,000.00
Note Factor @ 04/15/26 100.0000000 %
Class B
Note Balance @ 03/16/26 31,390,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 31,390,000.00
Note Factor @ 04/15/26 100.0000000 %
Class C
Note Balance @ 03/16/26 15,740,000.00
Principal Paid 0.00
Note Balance @ 04/15/26 15,740,000.00
Note Factor @ 04/15/26 100.0000000 %
Interest & Principal Payments $ Amount
Total Interest Paid 918,224.51
Total Principal Paid 13,741,350.09
Total Paid 14,659,574.60
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 3.67223 %
Coupon 4.38223 %
Interest Paid 0.00
Principal Paid 0.00
Total Paid to A-2b Holders 0.00
Class A-3
Coupon 4.66000 %
Interest Paid 334,971.76
Principal Paid 13,741,350.09
Total Paid to A-3 Holders 14,076,321.85
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 0.8796686
Total Interest Carryover Shortfall 0.0000000
Total Principal Distribution Amount 13.1643564
Total Distribution Amount 14.0440250
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 1.1270921
A-3 Interest Carryover Shortfall 0.0000000
A-3 Principal Distribution Amount 46.2360366
Total A-3 Distribution Amount 47.3631287
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 619.23
Noteholders' Principal Distributable Amount 380.77
Account Balances $ Amount
Reserve Account
Balance as of 03/16/26 2,616,119.83
Investment Earnings 7,775.20
Investment Earnings Paid (7,775.20 )
Deposit/(Withdrawal) -
Balance as of 04/15/26 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 $ 1,516,016.35 $ 1,494,247.23 $ 1,915,954.00
Number of Extensions 73 69 95
Ratio of extensions to Beginning of Period Receivables Balance 0.60 % 0.57 % 0.69 %
World Omni Auto Receivables Trust 2023-B published this content on April 29, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 29, 2026 at 13:06 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]