Wheels Inc., one of the nation’s oldest and largest vehicle fleet lessors, is back in the securitization market after a year’s absence with a pool of corporate lease contracts.

Wheels SPV 2, LLC, Series 2016-1 is a $512.6 million notes offering backed by an aggregate balance of $529.9 million in light-duty truck and car open-end lease contracts to 268 corporate lessees.

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