Yamaha Motor Finance completes $400 million securitization to support dealer inventory
Yamaha Motor Finance Corporation, U.S.A. (YMFUS) announced June 1 that it has completed a $400 million asset-backed securitization transaction designed to strengthen its ability to finance dealer inventory across its powersports and marine dealer network.
The transaction, known as YMMT II 2026-A, is backed by receivables generated through dealer inventory loans secured by new Yamaha powersports and marine products. According to the company, the offering marks several industry milestones, including YMFUS’s first term asset-backed securitization and the first dealer floorplan asset-backed securities (ABS) transaction backed by powersports and marine collateral from a captive finance company.
The company says the deal also represents the first dealer floorplan ABS transaction containing powersports and marine receivables since 2015.
For Yamaha dealers, the financing move provides the company with additional funding capacity to support inventory needs as the manufacturer continues to grow its retail and commercial finance operations.
“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,” says Kevin Duck, president of Yamaha Motor Finance Corporation, U.S.A.
Duck noted that YMFUS currently supports more than 2,000 Yamaha dealers nationwide.
“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,” he notes.
The securitization attracted significant investor interest, with Yamaha reporting more than $2 billion in orders from over two dozen institutional investors. The strong demand highlights confidence in Yamaha’s dealer financing platform and broader powersports and marine business.
The offering consisted of three classes of notes rated by Moody’s Investors Service and Fitch Ratings. The Class A-1 notes received Aaa/AAA ratings, while the Class B notes were rated Aa3/AA and the Class C notes received A2/A ratings.
Mizuho Securities USA LLC served as structuring agent and joint bookrunner. J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc. also acted as joint bookrunners for the transaction.
The completion of the securitization gives Yamaha another source of capital beyond traditional bank lending facilities, providing additional flexibility to fund dealer floorplan financing and support inventory availability throughout its nationwide dealer network.
