| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| DEALER FLOORPLAN ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Lehman Brothers | 725.8 | 1 | 30.4 | 1 |
| JP Morgan | 725.8 | 1 | 30.4 | 1 |
| Barclays Capital | 725.8 | 1 | 30.4 | 1 |
| Citigroup | 212.0 | 4 | 8.9 | 1 |
| Industry Total | 2,389.5 | – | 100.0 | 2 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
Reach Financial’s latest consumer loan ABS raises $440 million
If a cumulative net loss ratio amortization event occurs, then Reach 2026-3 will enter full turbo mode, a phase when the transaction will use all available funds to sequentially pay down the outstanding notes.
Yamaha Motor raises $400 million in ABS from dealer floorplan credits
The benchmark on the class A2 could change under certain circumstances, and the maximum allocation to the A2 notes will be 50% of the overall size of the A class.
Onslow Bay prepares to sell $452.7 million in ABS from HELOCs
First liens and junior liens account for 197 and 1,755 of the pool, respectively, DBRS said. They have unpaid balances of $30.5 million and $217 million, with FICO scores of 747 and 740 on a WA basis.
Sprite to issue $495 million in aviation ABS notes
Leverage is moderate on the assets, noting that the series A, B and C notes have loan-to-value (LTV) levels of 72.4%, 831% and 96.8%, respectively.
