IPFS Corp. is preparing a $300 million securitization of loans used to finance insurance premiums, according to Moody’s Investors Service.

PFS Financing Corp., Series 2016-A will issue two tranches of floating-rate notes: a $282 million senior tranche that benefits from credit enhancement of 10% is provisionally rated ‘AAA’ by Moody’s; an $18.2 million subordinate tranche is unrated.

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