Ally Bank has filed a prospectus supplement with the Securities and Exchange Commission to issue $500,000 million worth of notes under its Ally Master Owner Trust Series 2011-1.

The transaction is backed by a revolving pool of receivables from floorplan financing agreements between Ally and retail automotive dealers.

The underwriters for the offering are Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank Securities.

The Series 2011-1 Class A notes will be divided into two parts, according to the filing. This will consist of Class A-1 floating rate ABS notes and Class A-2 fixed-rate ABS notes.

The offering will further comprise Class B floating rate notes worth $45.956 million; Class C floating rate notes worth $34.936 million; Class D floating rate notes worth $36.765 million; and a Class E ABS equity note worth $117.647 million, the filiing stated.

For a full copy of the filing, please click on this link. And for further preliminary information about the transaction from the ASR Scorecard database, please view the link below.

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.