Stellantis Financial Services U.S. is targeting at least one floorplan asset-backed securitization issuance annually following its inaugural deal this month, Bennie Duck, chief financial officer and executive vice president, told Auto Finance News. SFSUS priced a $750 million floorplan auto asset-backed securitization (ABS) transaction on Aug. 18, according to CreditFlow, which monitors securities. “Bringing it to market when we did was hitting milestones that […]
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