Enterprise is readying $649 million of securities backed by leases on fleets of cars and light trucks.

Enterprise Fleet Financing, Series 2016-1 will issue a $193 million tranche of money market notes and two tranches of notes with preliminary ‘AAA’ ratings from Fitch Ratings with a final maturity of September 2021. All three tranches benefit from credit enhancement of 8.64%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.