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Octane Hits $5 Billion ABS Milestone With $337 Million Marine Issuance

Fintech firm Octane has closed a $337 million securitization backed by recreational vehicle and marine loans, marking its largest transaction in the sector to date. The deal pushes the company’s total asset-backed securities issuance beyond the $5 billion threshold, signaling robust investor appetite for its specialized lending portfolio.

Octane Hits $5 Billion ABS Milestone With $337 Million Marine Issuance
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The offering, designated as OCTL 2026-RVM1, features five classes of fixed-rate notes spanning ratings from AAA to BB+. Mizuho served as the lead manager and structuring agent, supported by a syndicate of bookrunners including ATLAS SP Partners, J.P. Morgan Securities, Truist Securities, and Wells Fargo Securities. This transaction represents the third installment of Octane’s RV and marine shelf, a program that earned the firm "ABS Deal of the Year" honors at the 2025 GlobalCapital US Securitization Awards.

Nicholas Makarov, SVP and Head of Capital Markets at Octane, noted that the strong execution reflects the maturation of the company's lending platform. The firm reported a significant surge in demand, attracting both long-term partners and new institutional participants. This financial momentum coincides with rapid operational growth; in the first half of 2026, Octane saw RV and marine originations climb by 146% and 125% year over year, respectively. With total lifetime originations now exceeding $9 billion, the company continues to diversify its funding strategy through a mix of forward-flow transactions and whole loan sales.

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