Haydock Finance, a UK-based asset finance provider, has announced the successful closing of its second public asset-backed securitisation facility.
Building on the success of its inaugural deal last year and in response to sustained strong origination volumes, this new facility will provide £350 million of additional capacity, reinforcing the company’s strategic focus on organic growth.
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This deal marks Haydock’s second and is only the third public securitisation of asset finance receivables in the UK since 2019, garnering robust support from a diverse range of investors.
John Jenkins, CEO of Haydock, commented on the achievement: “The closing of our second public securitisation facility is a testament to Haydock’s continued strong performance in the asset finance market. Last year’s deal attracted strong investor interest and has seen excellent performance.
“For Hermitage 24, we have brought a much larger group of investors into the transaction. We intend to continue a regular issuance programme to support the ongoing growth of the business and ensure we can continue to deliver for our brokers and borrowers.”
Hermitage 2024 plc represents the issuance of notes backed by equipment hire purchase and finance lease receivables granted by Haydock Finance Limited to borrowers in England, Wales, and Scotland.
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Deal focus: Haydock unveils £350m asset-backed securitisation
