XTRA:AG1Specialty Retail
Why AUTO1 Group (XTRA:AG1) Is Up 13.1% After Expanding Its €1.6 Billion Securitisation Program
Earlier this month, AUTO1 Group SE announced it had upsized and extended its inventory asset-backed securitisation programme, increasing total used-car inventory financing capacity by 45% to €1.60 billion, including up to €1.30 billion in senior notes from its bank group and up to €300 million in junior notes it will fund itself, with the revolving period now running until November 2027.
This larger, longer-dated funding pool could be important for supporting AUTO1 Group’s pan-European...