This is Octane's tenth ABS transaction since launching the program in December 2019. The company has completed more than $3.3b of asset-backed securitizations to date. This transaction comes on the heels of several exciting milestones - Octane surpassed $4b in aggregate originations last week, and in January, the company announced a strategic agreement with Kawasaki Motors Corp., U.S.A.
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Octane completes $300m asset-backed securitization to drive continued growth
"We're excited we could take advantage of the favorable ABS market and close a successful transaction with the support of an ever-growing mix of esteemed partners," said Steven Fernald, Chief Financial Officer at Octane. "Our strong capital markets execution remains a key differentiator for Octane as we continue to grow our business in the months and years ahead."
