PANORAMA AUTO TRUST 2025-1 — Investor Relations & Filings

PANORAMA AUTO TRUST 2025-1 is a special purpose vehicle established for the purpose of an asset-backed securitization transaction. The trust is designed to issue debt securities to institutional investors, with the primary objective of financing a portfolio of automotive loan receivables. These receivables typically consist of consumer and commercial fixed-rate loans secured by new and used motor vehicles. The structure of the trust facilitates the bankruptcy-remote transfer of financial assets from the originator to the vehicle, providing investors with exposure to the performance of the underlying credit pool. The 2025-1 series represents a specific tranche of issuance within the broader securitization program, incorporating credit enhancement mechanisms such as subordination, over-collateralization, and liquidity reserves to manage risk and achieve specific credit ratings for the issued notes.