Americredit Readies $1.17B Auto Securitization

May 30, 2014, 11:00 a.m. EDT 1 Min Read

Americredit Financial Services is readying a roughly $1.17 billion deal backed by auto receivables, according to a filing with the SEC.

The three tranches of long-term class A notes in AmeriCredit Automobile Receivables Trust 2014-2 are expected to receive triple-A ratings from Fitch Ratings and Moody’s Investors Service.

The joint bookrunners on the deal are BofA Merrill Lynch, Deutsche Bank Securities, RBC Capital Markets, and Wells Fargo Securities.

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Co-managers are BNP Paribas; Goldman, Sachs & Co.; Morgan Stanley; and RBS.

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