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The securitization was collateralized by its fixed-rate installment powersports loans issued through its in-house lender, Roadrunner Financial. This is Octane’s eleventh asset-backed securitization transaction since launching the program in December 2019. The company has completed more than $3.7 billion of asset-backed securitizations to date.
“We’re thrilled to close our second transaction of the year and are grateful to see such strong recurring participation by our existing institutional investors,” said Steven Fernald, Chief Financial Officer at Octane. “Likewise, we welcome the addition of several new asset managers, pension funds, banks, and insurance companies to our best-in-class ABS platform, which continues to be a key differentiator for Octane and a testament to the underlying strength of our business.”
