Subprime auto lender WFS Financial filed two shelf registrations last Tuesday with the Securities & Exchange Commission to sell $2.75 billion of auto loan-backed securities, including the preliminary step for the company to sell its first-ever senior/subordinated offering. The company rolled over $855 million of previously registered shelf availability.

No underwriters were named in the registration but WFS issues have been led by a syndicate of Banc of America Securities, Bear Stearns, Credit Suisse First Boston, Deutsche Banc Alex. Brown and Salomon Smith Barney dating back to its 1999-A issue.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.