AutoNation Inc. Completes Inaugural $700 Million Asset-Backed Securitization

Reuters

05/22

AutoNation Inc. Completes Inaugural $700 Million Asset-Backed Securitization

AutoNation Inc. has successfully completed its inaugural asset-backed securitization, securing $700 million in funding for its automobile loan portfolio. The securitization was achieved through AutoNation's captive finance company and features a weighted-average fixed interest rate of 4.90%. AutoNation's CEO, Mike Manley, expressed satisfaction with the transaction, highlighting that the interest rate was competitive and lower than the cost of the debt it replaces. The offering size was increased by $200 million, providing additional capital for the company's capital allocation strategies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoNation Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: FL93348) on May 21, 2025, and is solely responsible for the information contained therein.

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Completes Inaugural $700 Million Asset-Backed Securitization\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-22 04:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AutoNation Inc. 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