Ally Financial, priced its auto loan securitization deal, Capital Auto Receivables Asset Trust 2013-1 after announcing that it had upsized its deal to $1.56 billion from $940 million.

The deal tests both appetite for Ally’s first public transaction with a collateral pool consisting predominantly of non-prime loans and a novel revolving structure where proceeds from loan payments during the first 12 months of the transaction may be directed to the purchase of new loans to add to the collateral pool.

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