Octane (Octane Lending, Inc.), the fintech unlocking the power of financial products for retailers and consumers, announced that it has closed a $337 million securitization (“OCTL 2026-RVM1”) collateralized by its fixed-rate installment recreational vehicle and marine loans issued through its in-house lender, Roadrunner Financial, Inc.
This is Octane’s third securitization under its RV/Marine shelf, denoted by the “RVM” ticker. It is the company’s largest RV and marine securitization to date, bringing its total ABS issuance to more than $5 billion and attracting significant participation from both new and existing investors.
OCTL 2026-RVM1 consists of five classes of fixed-rate notes: Class A, Class B, Class C, Class D, and Class E, which Standard & Poor’s (S&P) rated as AAA, AA, A, BBB, and BB+, respectively, in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended. Mizuho acted as lead manager and structuring agent, with ATLAS SP Partners, J.P. Morgan Securities, Truist Securities, and Wells Fargo Securities serving as joint bookrunners and First Citizens Capital Securities serving as co-manager.
“The strong execution of our largest RVM securitization to date reflects the continued expansion and maturation of our RVM program,” said Nicholas Makarov, SVP and Head of Capital Markets at Octane. “We were pleased to see strong demand across the capital structure, including continued support from existing investors and meaningful participation from investors new to Octane and the RVM platform. That breadth of engagement underscores the market’s growing familiarity with our RVM business and confidence in our underwriting, credit performance, and ability to scale responsibly.”
