Yamaha Motor Finance Corporation, U.S.A., Completes $400 Million Asset-Backed Securitization

Company’s First ABS Transaction Backed by Dealer Powersports and Marine Collateral Receives Aaa/AAA-ratings

CYPRESS, Calif.--(BUSINESS WIRE)--Yamaha Motor Finance Corporation, U.S.A. (YMFUS) announced that it has closed a $400 million term securitization (“YMMT II 2026-A”). The notes are collateralized by a pool of receivables arising under dealer inventory loans that are secured by new powersports and marine products.

This is YMFUS’s first term asset-backed securitization, a first for dealer floorplan powersports and marine collateral from a captive finance company and the industry’s first dealer floorplan ABS including powersports and marine receivables since 2015. The transaction received over $2 billion of interest from more than two dozen institutional investors, underscoring the strength of YMFUS’s operational excellence and Yamaha Motor’s global franchise. This inaugural investor securitization is an important milestone in financing the company’s growing receivables portfolio.

“This inaugural dealer floorplan ABS complements YMFUS’s existing bank facilities and increases our resilience and ability to support our dealers’ inventory needs today and in the future,” said Kevin Duck, President of Yamaha Motor Finance Corporation, U.S.A. “YMFUS has established a strong foundation supporting 2,000-plus Yamaha dealers across the United States and we look forward to continue expanding our capabilities, strengthening partnerships, and delivering long-term value across the Yamaha ecosystem,” added Duck.

YMMT II 2026-A consists of three classes of notes: Class A-1, Class B, and Class C, which Moody’s Investors Service, Inc.* and Fitch Ratings, Inc.* rated Aaa/AAA, Aa3/AA, and A2/A, respectively, in a private offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. Mizuho Securities USA LLC was structuring agent and joint bookrunner and J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc. served as joint bookrunners for the securitized term note offering.

*The full analysis for Moody’s and Fitch’s ratings, including any updates, which you should review and understand, can be accessed on moodys.com and fitchratings.com, respectively.

This media release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Yamaha Motor Finance Corporation and Yamaha Motor Finance Corporation, U.S.A.

Yamaha Motor Finance Corporation (YMFC), the parent company of YMFUS, was established in November 2022 to oversee and support the financial services business of the Yamaha Motor Group globally. In addition to governance and management responsibilities, YMFC promotes flexible and specialized business management practices by investing in four core pillars: 1) innovation through the active integration of digital technologies; 2) the development and global utilization of financial services human capital; 3) the enhancement of risk management and governance practices; and 4) delivering customer-centric financial experiences that strengthen loyalty, empower partners, and drive sustainable growth.

Yamaha Motor Finance Corporation, U.S.A., a subsidiary of YMFC, offers financing solutions to support Yamaha dealers and loyal Yamaha customers across the United States. YMFUS provides retail and commercial financing across Yamaha’s diverse portfolio of motor products and operates from Cypress, CA, and Kennesaw, GA.

About Yamaha Motor Corporation, U.S.A.

Yamaha Motor Corporation, U.S.A. (YMUS), is a recognized leader in the outdoor recreation industry. The company’s ever-expanding product offerings include Motorcycles and Scooters, ATV and Side-by-Side vehicles, Personal Watercraft, Boats, Outboard Motors, Golf Cars [sold, serviced, and distributed by Yamaha Golf-Car Company], Surface Mount Technology and Robotic Machines, Unmanned Helicopters, Accessories, Apparel, Yamalube products, and much more. YMUS products are sold through a nationwide network of distributors and dealers in the United States.