KBRA Assigns Preliminary Ratings to Octane Receivables Trust 2024-2

KBRA assigned preliminary ratings to five classes of notes that will be issued by Octane Receivables Trust 2024-2 (OCTL 2024-2), a powersports equipment loan ABS transaction.

OCTL 2024-2 will issue five classes (six tranches) of notes totaling $365 million. The transaction is collateralized by approximately $376.289 million of fixed rate installment loans, made to prime and non-prime borrowers as of the closing date. The ratings reflect the initial credit enhancement levels ranging from 33.35% for the Class A notes to 3.75% for the Class E notes.

The full report is available online: https://www.kbra.com/publications/LQRhdDKw/octane-receivables-trust-2024-2-pre-sale-report?format=file.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.