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More From Asset Securitization Report
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.
Westlake Flooring’s dealer floorplan ABS raises $230.9 million
WFLOOR 2025-1's annualized monthly yield, which averaged 20% since 2018, has been consistently higher than most other dealer floorplan trusts that Moody's rates.
Ford Credit raises nearly $1 billion from dealer floorplan revenue
Ford Credit Floorplan pays a fixed rate to ABS investors, while the dealers' assets pay a rate pegged to the flexible prime rate, so there is the potential of eroding excess spread.
Medical equipment helps collateralize NMEF Funding’s $410.1 million ABS
There is also a trigger embedded in the deal, attached to cumulative net losses that would set off a full turbo payment.
10.31.24 ABS League Tables
Underwriting league tables of asset-backed securities through October 31, 2024