General Motors Financial (GM Financial) has issued $900 million worth of automobile receivables-backed securities in seven tranches. J.P. Morgan, Credit Suisse and Deutsche Bank Securities will be lead managers for the issue.
Barclays Capital, Morgan Stanley, RBS and Wells Fargo Securities will be co-managers. The financial services arm of General Motors will use the net proceeds from securitization transactions for long-term financing of its receivables.
Click here for the release from Business Wire.