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Fairstone Financial Inc. Closes C$351.11 Million ABS Transaction

Oct 16, 2020 - PR Newswire

PR Newswire

 Fairstone Financial Inc. ("Fairstone"), Canada's largest non-bank provider of responsible lending solutions for near-prime borrowers, announced today the completion of its second asset-backed securities ("ABS") transaction totalling C$351.11 million. The securities were offered in Canada and in the U.S. on a Rule 144A basis.

The transaction included:

C$245,000,000 Class A Notes rated AA (sf) by DBRS and Aa2(sf) by Moody's C$44,380,000 Class B Notes rated A(...