The total collateral might increase by as much as $25 million through the addition of equipment contracts during a three-month prefunding period, according to Kroll Bond Rating Agency, which plans to issue ratings to the notes. The transaction, VFI 2022-1, will issue four classes of notes, to which KBRA expects to assign ratings ranging from 'AAA' on the $141.6 million class A notes to 'BB' on the $5.7 million, class D notes, KBRA said. Keybanc Capital Markets will be the initial note purchaser. The trust will repay the noteholders on a sequential basis. The notes benefit from subordination, overcollateralization, a reserve account, and a cumulative net loss trigger provision to ensure that the trust continues to perform well in repaying noteholders, KBRA said. The reserve account holds an amount equal to about 1.5% of the note balance; it is non-amortizing, and therefore grows as a percentage of the pool balance over time.