Fifth Third Bank upsized its auto loan backed securitization to $1.25 billion from $1 billon. The deal priced on Tuesday afternoon, according to a pricing term sheet filed with the Securities and Exchange Commission.
The deal, Fifth Third Auto Trust 2014-1, is the issuer’s first for the year. Credit Suisse, Barclays, and JP Morgan are the lead underwriters on the transaction. Deutsche Bank and RBC are named as co-managers on the deal.