U.S. Bank on May 22 announced that Isuzu
Motors Acceptance Corporation (IMAC) has selected the bank as indenture trustee for their first publicly issued motor vehicle asset-backed note financing.
U.S. Bank Selected as Indenture Trustee for Isuzu's First Vehicle Asset-Backed Note Financing
by Staff
May 22, 20012 min to read
In its role as indenture trustee for the $440,897,000 Isuzu Auto Owner Trust 2001-1, Asset Backed Notes, U.S. Bank will be responsible for compliance oversight, noteholder communication and processing of interest and principal payments.
IMAC is the wholly owned finance subsidiary of Isuzu Motors America, Inc., which is a subsidiary of Isuzu Motors Limited. Isuzu is a widely held Japanese company that manufactures and sells trucks, passenger vehicles and diesel engines.
"We are pleased to be selected as indenture trustee for this prestigious appointment," said Diane Thormodsgard, president of U.S. Bank Corporate Trust Services. "We believe we are positioned to deliver the high-quality
services that this financing demands."
About U.S. Bank
U.S. Bank is one of the leading providers of corporate trust services in the United States. The bank administers a diverse portfolio of more than 95,000 bond issues representing more than $750 billion in outstanding securities.
Minneapolis-based U.S. Bancorp, with $160 billion in assets, is the eighth largest financial service holding company in the United States.
The company operates 2,242 banking offices and 5,208 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.
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