Fairstone Financial Inc. Closes C$351.11 Million ABS Transaction
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(...