Capital & Funding
Black Horse and Suzuki Renew Finance Agreement
Black Horse has extended by three years its agreement to provide finance for Suzuki GB vehicles, and has extended the...
IPO Underwriters Increase Take Of Ally Stock
Underwriters on Ally Financial Inc.’s initial public offering have elected to partially exercise the over-allotment option to buy an additional...
Nicholas Faces Decreased Earnings and Delayed Acquisition
Florida-based auto lender Nicholas Financial reported a $269.3 million loan portfolio in the fourth quarter. That’s up nearly $20 million...
Prospect Capital’s Acquisition of Nicholas Delayed
Prospect Capital Corp. no longer expects its acquisition of Nicholas Financial Inc. to close by June 12 as originally planned, according...
Exeter Comes to Market with $500 Million ABS
Exeter Finance Corp. went public Wednesday with its $500 million asset-backed securitization today. It’s the lender’s sixth securitization and it...
S&P Cautions Nonbank Lenders
Auto lenders have a decision to make: They can choose margins or volume. That was the message from a report...
Competitive Environment ‘Challenging’ For Credit Acceptance, CEO Says
As long as lenders have access to capital, competition in the auto finance space will be tough, said Credit Acceptance...
Fitch: Alternative Lending Competition Could Loosen Underwriting
Just how big is the alternative auto lending space and how might it impact the mainstream lending market? The short...
