Ally Bank upsized its latest securitization of receivables collected from lines of credit it makes to dealerships, to $675 million. The deal priced on Thursday.
The deal, called AMOT 2015-3, was originally sized at $500 million. The three-year class A notes, rated triple-A by Standard & Poor’s and Moody’s Investors Service, pay 45 basis points over interpolated swaps. The notes benefit from 26.5% credit enhancement.