Octane, a fintech leader in the specialty finance sector that streamlines large recreational purchases, has completed a $365 million asset-backed securitization backed by fixed-rate installment powersports loans through its lending arm, Roadrunner Financial, marking its first securitization of 2024. The deal, involving six classes of fixed-rate notes rated by Standard & Poor’s and Kroll Bond Rating Agency, was led by Atlas SP Securities with support from J.P. Morgan Securities, Mizuho Americas, and Truist Securities. The funds will help Octane enhance its ABS platform and expand its investor base, further solidifying its market position.

Octane Strengthens Market Position with $365M Asset-Backed Deal