10 September
On 10th September 2020, the Australian Office of Financial Management (AOFM) invested $9.5 million into a securitised warehouse trust (AFS AUTO-1 Trust) managed by Automotive Financial Services (AFS) - a subsidy of AFICO Pty Ltd.
Westpac provides $64M in senior debt finance for AFS AUTO-1 Trust & lowers required credit support for Aaa/AAA & Aa2/AA tranches.
21 March
S&P Global Ratings provides a confidential point-in time credit assessment for the AFS AUTO-1 Trust.
10 September
AFS secures $10M in mezzanine finance for AFS AUTO-1 Trust. This enables AFS to pursue its growth plans with confidence.