GM Financial plans to sell $592.47 million in notes backed by dealer financing receivables through its nearly three-year-old inventory floorplan trust.

GMF Floorplan Owner Revolving Trust 2016-1 is only the second-ever securitization of dealer financing receivables through the GFORT vehicle, more than a year after GFORT’s debut 2015-1 series in April 2015. The trust was formed in late 2013.

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