Flexential Completes $800 Million Green ABS Offering

Flexential has completed an $800 million asset-backed securities (ABS) offering to strengthen its financing structure, announced in a press release.

The issuance marks the company's sixth and seventh series of ABS notes under its master trust. A wholly owned subsidiary of Flexential issued $800 million in green ABS notes, which include $555 million of A- rated term notes, $195 million of A- rated term notes, and $50 million of BB- rated term notes. The financing package comprises $605 million of notes with a five-year anticipated repayment date and $195 million with a seven-year repayment date.

According to the company, proceeds from the transaction will be used to repay a portion of outstanding ABS indebtedness and support its long-term financing strategy. The offering was conducted under Flexential’s Green Finance Framework, which aligns with the International Capital Market Association’s Green Bond Principles and Green Loan Principles, ensuring proceeds are allocated toward environmentally beneficial assets.