Lendbuzz Completes $266 Million Asset-Backed Securitization
Summary
Lendbuzz closed a $266 million asset-backed securitization backed by a pool of auto loans. The company used the transaction to deepen its access to diverse funding sources and expand its financing capacity. Goldman Sachs led the deal, with several other major banks serving as bookrunners and co-managers. Lendbuzz said the new capacity will help it continue financing underserved borrowers through its AI-driven credit model and dealership partnerships.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected