Ally Financial has upsized an offering of notes backed by automotive dealer financing to $1 billion from $671.14 million originally, according to a regulatory filing.

The deal, Ally Master Owner Trust, Series 2014-1, was launched Monday. The original prospectus listed  Bank of America Merrill Lynch, J.P. Morgan and Societe Generale as undewriters. The prospectus supplement adds five more: Credit Agricole Securities, Lloyds Securities, Natixis, PNC Capital Markets, and Scotiabank.

The receivables are originated from credit lines made by Ally to retail automotive dealers franchised by General Motors, Chrysler Group and other original equipment manufacturers.

The offering consist of two classes of notes with preliminary ‘AAA’/’Aaa’ ratings from  Fitch Ratings and Moody’s Investors Service:  class A-1 floating rate notes and class A-2 fixed rate notes. The regulatory filing does not indicate the size of these two tranches. The trust will also issue class B, C, D and E notes that will not be rated or offered.

According to Fitch’s presale report, the pool of receivables backing the securitization have a high percentage of floorplan loans backing new vehicles (90.3%) and strong aging distribution, with only 3.5% of inventory aged past 270 days. The receivables are also geographically diverse.

The deal is the first securitization of auto dealer financing of 2014. Ally has brought two or three deals to market each year since 2010; Ford Motor is also a regular issue and General Motors has said it plans to start securitizing floorplan financing this year as well.

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