AUTO 1 Group SE announced the successful upsizing and extension of its inventory asset-backed securitisations. This upsizing enables the Group to finance up to EUR 1.6 billion in used car inventory, further supporting AUTO1 Group?s ambitious growth plans across Europe. The total inventory financing capacity of EUR 1.6 billion comprises up to EUR 1.3 billion of senior notes from the company?s enlarged bank group augmented by up to EUR 0.3 billion of junior notes by AUTO1 Group.
This represents an increase of 45% in financing capacity. In addition to the upsizing, the revolving period of the financing has been extended to November 2027.
