Springleaf Finance upsized its first consumer loan securitization of the year to $592 million from $368 million, according to an Interactive Data report.

The trust, Springleaf Funding Trust 2014-A, issued four tranches of notes. The double-A rated class A notes priced at swaps plus 175 basis points. The single-A rated, class B notes priced at swaps plus 250 basis points. The triple-B notes priced at a coupon rate of 4.50%.

The transaction includes a two-year revolving period during which additional collateral may be funded in the transaction so long as it complies with eligibility criteria.

Springleaf issued three consumer loan securitizations in 2013 and has issued seven mortgage loan securitizations since 2011. Springleaf's personal consumer loans are typically two- to 4-year, fixed-rate installment loans with an initial balance of up to $10,000. The average loan balance was $4,200 as of Sept. 30, 2013.

The latest transaction has a slightly larger average loan size and slightly lower weighted average coupon and more unsecured loans than the issuer's previous securitizations. A 

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