Octane Lending, a finance specialist in powersports and outdoor vehicles, is debuting a new securitization of retail installment contracts funding the purchase of offroading and other recreational vehicles. Octane Receivables Trust 2019-1 is a $210.9 million transaction involving fixed-rate loans to prime and non-prime borrowers financing the purchase of all-terrain and utility-task vehicles, as well as dirt bikes, motorcycles, mowers, tractors, snowmobiles and personal watercraft, according to a presale report from Kroll Bond Rating Agency.

https://asreport.americanbanker.com/news/powersports-lender-launches-debut-recreational-vehicle-abs