Lendbuzz, an AI-based fintech company that enhances credit access for vehicle purchases, announced the closure of its first transaction of 2026, a $246 million securitization designated as “LBZZ 2026-1.” This securitization is collateralized by a pool of auto loans issued to obligors, secured by new and used automobiles, light duty trucks, and vans.
The LBZZ 2026-1 issuance comprised five classes of notes: Class A-1, Class A-2, Class B, Class C, and Class D. Kroll Bond Rating Agency (KBRA) assigned ratings of K1+, AAA, AA, A, and BBB- to these notes, respectively.
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P. Morgan Securities LLC served as the lead bookrunner and structuring agent for the transaction. Goldman Sachs & Co. LLC and RBC Capital Markets, LLC acted as joint bookrunners, while Mizuho, MUFG, and Regions Securities LLC participated as co-managers.
George Sclavos, Chief Financial Officer at Lendbuzz, commented on the transaction, stating, “We are excited to announce the successful completion of our first transaction of 2026. The deal had incredible interest from our diverse and expanding investor base which speaks highly to the level of confidence the investment community has in our ABS program.”
This marks Lendbuzz’s eleventh public securitization since the program’s inception in the fourth quarter of 2021. The company has completed over $2.4 billion in publicly syndicated asset-backed securitizations to date, and plans to continue expanding this program as part of its varied funding approach. The additional capacity is intended to support Lendbuzz’s objective of providing fair access to credit for underserved populations.
Founded in 2015 and headquartered in Boston, Massachusetts, Lendbuzz Inc. is a financial technology company that utilizes artificial intelligence and machine learning to refine credit decisions. This approach allows Lendbuzz to offer vehicle financing to a broader range of borrowers by accurately predicting creditworthiness through advanced computational analysis of extensive data sets.
