Capital & Funding
Octane Lending issues second ABS deal of year, largest to date
Octane Lending this week entered into the asset-backed securities market for the second time in 2021 with a $340 million...
Rivian IPO puts slow race to commercial EV to public market test
Eleven years after Tesla Inc. went public with a market value of less than $2 billion, one of its most...
Ford selling first green bonds as it shifts to electric cars
Ford Motor Co. is selling bonds aimed at benefiting the environment, a first for the automaker and part of its...
CPS closes fourth ABS transaction of 2021 as spreads widen
Spreads on AAA-rated bonds in Consumer Portfolio Services’ (CPS) fourth auto asset-backed securities transaction of the year — a $349.2...
Stellantis closes First Investors acquisition
Stellantis NV closed its acquisition of First Investors Financial Services on Monday for the agreed-upon price of $285 million, a...
Cost of funds increase in auto ABS market
Cost of funds is inching up in the asset-backed securities market after more than a year of record lows amid...
Vroom financing partners to remain intact following UACC acquisition
Vroom’s third-party financing partnerships will remain in place following its acquisition of subprime lender United Auto Credit Corporation, which will...
Axis Auto receives $12.3M investment from Westlake-driven fintech
Axis Auto Finance is improving its direct digital loan origination process in the Canadian market through a $12.3 million investment...
