ThunderRoad Financial LLC has delayed the issuance of its second asset-backed securitization in an effort to drum up greater investor interest, said Donal Hummer Jr., the company’s president and chief executive.
“We’re probably going to be looking now at the first quarter of next year,” he toldPowersports Finance. “In order to get a large enough securitization together, it makes more sense for us. We started to go down that road last fall and, to be honest, come Thanksgiving not a lot of things happen in the capital markets until the first of the year. So we said, ‘Let’s do it next year and do a bigger one.’”Like This Post