Lendbuzz Completes $216 Million Asset-Backed Securitization

BOSTON--(BUSINESS WIRE)--Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $216 million securitization (“LBZZ 2024-2”) collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans. LBZZ 2024-2 issued four classes of notes: Class A-1, Class A-2, Class B, Class C. The LBZZ 2024-2 notes have been rated by S&P Global Ratings (S&a