Tricolor Closes $328 Million Securitization to Advance Financial Inclusion at Scale in Underserved Communities [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
DALLAS, March 12, 2025 (GLOBE NEWSWIRE) -- Tricolor today announced a $328 million issuance to empower underserved, low-income communities through improved access to affordable financing that meets their essential transportation needs and helps enable a path to mainstream financing. JPMorgan acted as the lead structuring agent with Barclays serving as Joint Bookrunner and Fifth Third Securities as Co-Manager. The Class A, Class B, Class C, Class D, and Class E were rated by Kroll Bond Rating Agency and Moody's and were placed with a diversified mix of institutional investors in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended. Leveraging its proprietary dataset of over 50 million unique attribu
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