NextGear Closes On $433.3 Million Securitization

NextGear Capital Inc., a provider of lending products and support services for the automotive remarketing industry, recently announced that NextGear Floorplan Master Owner Trust successfully completed the sale of $433.3 million of privately placed 144A Asset-Backed Notes, Series 2014-1.  Rated by Moody’s and DBRS, the securitization transaction included the issuance of $400 million of “Aaa/AAA” […]