NEW YORK, Nov 8 (Reuters) - DriveTime Automotive Group Inc., a used car dealership chain, priced $125 million in asset-backed securities supported by car loans it made, a source close to the deal said on Monday.
RBS Greenwich Capital Markets arranged the sale of the securities on Friday, the source said.
Bond insurer XL Capital Assurance Inc., a unit of XL Capital Ltd. , is guaranteeing the deal's timely interest and principal payments to bondholders, the source ...
Sign in to access
this Article
"New Issue-DriveTime prices $125 mln car loan ABS" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
