AmSouth Auto Receivables LLC, a division of AmSouth Bancorporation, is planning an auto loan issuance through its AmSouth Auto Trust, according to an S-3 filing with the Securities and Exchange Commission made on June 6 and amended on July 28.

The offering, which sources say is scheduled for September, is said to be in the $1 billion range. This is the first time the company is going to come out with an auto loan securitization. AmSouth Bank will be the servicer on the transaction.

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