Press Release March 4, 2024

Alston & Bird Advises Southern Auto Finance Company on $225 Million Asset-Backed Securities Issuance

Alston & Bird client Southern Auto Finance Company, an industry-leading auto finance company, recently closed its second asset-backed securities issuance.

SAFCO successfully issued $225 million in rated notes. The Class A note received a rating of AAA from Kroll, attesting to the consistent performance and strength of SAFCO’s origination platform. The securitization was well received by the market with strong subscription levels.

Advising SAFCO was an Alston & Bird team led by partners Tara Castillo (Finance) and Stephen Blank (Financial Restructuring & Reorganization), associate Krishna Pathak, and paralegal Sam Velleca (Finance).

Media Contact
Alex Wolfe
Communications Director

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