Enterprise Fleet Management is preparing its eight rental car securitization, according to a presale report published by Fitch Ratings.

The $800.2 million deal, Enterprise Fleet Financing Series 2014-2, will be backed by payments on a pool of open-end and closed-end vehicle fleet lease contracts for cars, light-duty trucks, and other vehicles.  There will be 35,801 leases, with strong lessee diversification—6,968 obligors.  This is nearly double the 3,984 obligors from the EFF Series 2014-1 transaction.  Proceeds from the transaction will be used for general funding purposes.

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