Westpac provides $64M in senior debt finance for AFS AUTO-1 Trust & lowers required credit support for Aaa/AAA & Aa2/AA tranches.
S&P Global Ratings provides a confidential point-in time credit assessment for the AFS AUTO-1 Trust.
AFS secures $10M in mezzanine finance for AFS AUTO-1 Trust. This enables AFS to pursue its growth plans with confidence.
On 31st March 2017, Automotive Financial Services, an AFICO subsidiary, acquired the Aussie Car Loans group of brands, intellectual property, trademarks and websites from Advantage Broker Services. The strategy behind the acquisition is to bolster direct B2C loan origination and deepen the group web presence.