Enterprise is prepping $650.1 million of bond backed by auto fleet leases, according to Fitch Ratings.

Enterprise Fleet Financing, LLC, Series 2015-2 will issue a $165 million tranche of money market notes and two tranches of notes with a preliminary ‘AAA’ rating from Fitch: a $385 million tranche and a $110 million tranche. All three tranches benefit from credit enhancement of 8.65%.

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