Ally Bank upsized and priced an upiszed offering of dealer floorplan notes, according to a prospectus filed with the Securities and Exchange Commission.

The Ally Master Owner Trust 2014-4 issued $975 million of notes, a $225 million increase from the $750 million originally offered.  The deal consists of two tranches, both with preliminary triple-A ratings from Standard & Poor’s and Fitch Ratings: $325 million Series 2014-4 Class A-1 notes priced at a spread of 40 basis points over one-month Libor and the $650 million Series 2014-4 Class B notes priced at 40 basis points over interpolated swaps.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.