U-Haul Closes Rental Truck Securitization

07 Jun 2007

U-Haul has closed a $303.6 million securitization of rental truck receivables. Lehman Brothers was structuring advisor on the deal, and Merrill Lynch co-placement agent. Ambac Assurance provided a financial-guaranty insurance policy for the notes.

The transaction is thought to be one of the first truck fleet term asset-backed ...

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