New Securitization Facility for NextGear Capital

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Reuters - February 22, 2013

Created from the merger of Manheim Automotive Financial Services and Dealer Services Corp., (2012) NextGear Capital, Inc. announces its most recent securitized bank facility.

Find out more about growth plans for this major player.

NextGear Capital, Inc., the most comprehensive provider of lending products and support services for the automotive remarketing industry, is pleased to announce the recent closing of its $1.55 billion securitized bank facility.

David Horan, Chief Financial Officer of NextGear Capital, commented on this latest financing. “With the responsibility of supporting a growing dealer body of over 17,000 across North America, it is critical that NextGear Capital has a strong bank group that fully understands our business and is committed to our growth objectives, both short and long term. We have accomplished that goal with these banking relationships and this new facility.”

 

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