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Syndicated facilities pick up steam amid acquisitions

Honda, Truist among banks and captives that participate

Amanda Harris

Syndicated credit facilities are growing in prominence in the commercial auto finance space as lenders look to tap into growing dealership acquisition and consolidation activity.  Dealership profitability has reached record levels over the past three years, driven by large vehicle margins amid tight inventory, setting the stage for dealers to put that capital to work […]

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