Ford Motor Credit Co. filed a form S-3 with the Securities and Exchange Commission to issue under its Ford Credit Floorplan Master Owner Trust A.
The deal will be backed by a revolving pool of receivables originated through the purchase and financing of new and used car, truck and utility vehicle inventory by motor vehicle dealers.
For a complete copy of the S-3. please click on this link.
Just last week Ford Motor came to market with a $1.137 billion six-tranche transaction under its Ford Credit Auto Owner Trust 2011-A (FORDO 2011-A), which was jointly lead by Citigroup Global Markets, Barclays Capital and JPMorgan Securities. Co-managers on the transaction were Goldman Sachs and HSBC.
General Electric Capital Corp. (GECC) will be coming to market with a six-tranche, equipment-backed ABS deal under its GE Equipment Small Ticket (GEEST) Series 2011-1 trust. The $717.3 million trasaction, comprising A, B, C, and D notes, will be backed by commercial finance leases on different types of equipment originated by GECC, according to a Fitch Ratings presale report.
The GEEST 2011-1 offering, which is managed by Barclays Capital and Bank of America Merrill Lynch, is GECC’s fifth small ticket equipment term ABS deal. The most recent transaction, GEEST 2009-1, closed in November 2009, Fitch said. Proceeds from this transaction will be used for general funding purposes.
For more preliminary information on the deal, please click the link below from the ASR Scorecards database.