Octane Achieves Landmark $337 Million Securitization for RV and Marine Loans

Overview of Octane's Latest Securitization

On August 6, 2026, Octane Lending, Inc. announced a significant achievement in the financial sector with the closure of a $337 million asset-backed securitization. This transaction, referred to as "OCTL 2026-RVM1," is collateralized by fixed-rate installment loans for recreational vehicles (RVs) and marine purchases, generated through Octane’s in-house lender, Roadrunner Financial, Inc. This development marks Octane’s largest securitization in the RV and marine sector to date, contributing to a total issuance of more than $5 billion in asset-backed securities (ABS).

This securitization stands out, highlighting the growing interest from both existing and new investors, which is a testament to the depth of Octane’s capital markets initiatives. This particular issuance has placed Octane at the forefront of the RV and marine financing market. Notably, the inaugural RV and marine securitization, known as "OCTL 2024-RVM1," was recognized as the ABS Deal of the Year at the 2025 GlobalCapital US Securitization Awards. The successful execution of OCTL 2026-RVM1 underscores the company’s growth trajectory and innovative financing solutions designed for consumers and retailers alike.

Structure and Support for the Securitization

The OCTL 2026-RVM1 securitization comprises five classes of fixed-rate notes: Class A, Class B, Class C, Class D, and Class E, which received ratings from Standard & Poor’s ranging from AAA to BB+. This rating success not only enhances the appeal of the offering but also instills greater confidence in potential investors while adhering to the regulatory frameworks outlined under Rule 144A of the Securities Act of 1933.

Mizuho served as the lead manager and structuring agent for this deal, backed by notable firms such as J.P. Morgan Securities, Truist Securities, and Wells Fargo Securities as joint bookrunners. First Citizens Capital Securities contributed as a co-manager in this noteworthy financing project. Nicholas Makarov, the Senior Vice President and Head of Capital Markets at Octane, expressed satisfaction with the demand for this issuance, stating, "The strong execution of our largest RVM securitization reflects the continued expansion and maturation of our RVM program."

Market Impact and Performance

The achievement of this securitization aligns with Octane’s recent market performance, demonstrating a remarkable year-on-year growth in RV and marine loan originations: 146% and 125%, respectively, in the first half of 2026. As they surpassed $9 billion in all-time originations, Octane also received the distinguished title of ABS Issuer of the Year at the 2026 GlobalCapital US Securitization Awards. This recognition further solidifies Octane’s position in the market as a leader in innovative financing.

Notably, Octane is not resting on its laurels; the company has executed a diversified capital markets strategy with significant transactions this year, including two forward-flow agreements and one whole loan sale, together amounting to $2 billion in commitments. This illustrates Octane's proactive approach to capitalizing on market opportunities while securing additional funding to enhance loan offerings for both retailers and consumers.

About Octane Lending, Inc.

Founded in 2014, Octane is pioneering a seamless, end-to-end digital financing experience. The company’s offerings empower retailers and consumers by streamlining the purchasing process for various lifestyle and automotive assets, including powersports vehicles, RVs, and marine equipment. With over 80 OEM brand partners and more than 4,000 dealer relationships, Octane remains focused on optimizing the customer journey with innovative technology and risk strategies. Their commitment to improving the efficiency of financing processes ensures that consumers can easily access the credit they need.

In conclusion, Octane's recent $337 million securitization solidifies its foothold in the RV and marine finance industry. With impressive growth metrics and a broadening investor base, Octane is poised to continue redefining the standards of financing solutions in the recreational vehicle and marine markets.