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Exeter announced this week the pricing of a $500 million securitization backed by auto loan receivables.
Read More →Exeter Finance Corp. announced that EFCAR LLC, a wholly owned subsidiary of Exeter, priced $500 million in aggregate principal amount Series 2014-2 automobile receivable backed notes, which will be issued in four separate tranches.
Read More →CarFinance Capital finalized its $304 million asset-backed securitization in a transaction that closed in late October.
Read More →Exeter Finance Corp. announced last week the completion of its first rated term securitization, issuing $200 million in notes backed by subprime automobile installment receivables.
Read More →Security National Automotive Acceptance Corp. announced it has closed on the sale of the company to a group of private investors and has secured $450 million of senior debt financing.
Read More →Prestige Financial’s $150 million funding facility with Wells Fargo Securities has a renewable one-year term and will assist Prestige in growing its loan portfolio and completing periodic asset-backed securitizations.
Read More →GM Financial announced the pricing of a $1 billion offering of automobile receivables-backed securities through lead managers Barclays Capital, RBS and Wells Fargo Securities.
Read More →Standard & Poor's Ratings Services said that it lowered two credit ratings for AmeriCredit Corp., saying the auto finance company faces further deterioration in its loan portfolio.
Read More →The Obama administration’s proposal for reform of the financial system, which was introduced June 17, could pose a threat to securitization, says ratings firm DBRS.
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