PFS Corp. is preparing a $200 million securitization of loans used to finance insurance premiums, according to Moody's Investors Service.

PFS Financing Corp., Series 2016-B will issue two tranches of fixed-rate notes: a $188 million senior tranche that is provisionally rated ‘AAA’ and a $12 million subordinate tranche is unrated. All of the notes are expected to mature in October 2019.

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