Haydock Announces £350m Asset Backed Securitisation

Haydock Finance, one of the UK’s leading asset finance providers, has announced the closing of its first public asset backed securitisation facility. Following a record first half-year performance, this public facility will provide £350m of extra capacity and support their strategic focus on organic growth. The deal, the first public securitisation of asset finance receivables in the UK since 2019, attracted strong support from a wide variety of investors.

CEO John Jenkins comments: “The closing of our first public securitisation facility is a testament to Haydock’s continued strong performance in the asset finance market. We have worked with our advisers over nearly 12 months to structure a deal, co-ordinate rating of our portfolio and then position with investors. It is the first of what we intend to be a regular issuance programme to support the ongoing growth of the business and ensure we can continue to deliver for our brokers and borrowers.”