Nissan Motor Acceptance Corp plans to offer up $500 million of securities backed by dealer floorplan receivables. Fitch Ratings rated the deal.
The AAA’ rated securities benefit from credit enhancement of 19.41%. The class A notes will be divided into two tranches, class A-1 with floating-rate coupons and class A-2 with fixed-rated coupons. The notes are due on January 2020. Barclays is the lead underwriter.