Octane Lending is debuting a new securitization offering for $210.9m

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.

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