This securitization provides NextGear Capital, a Cox Automotive company, with additional capital and operating flexibility to support the rapid growth of its dealer finance business.
NextGear Closes $433-Plus 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 $433.333 million of privately placed 144A Asset-Backed Notes, Series 2014-1.
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