ERAC USA Finance LLC, established in 2001 and headquartered in the United States, is a prominent player in the automotive financing sector, serving as a key subsidiary of the Enterprise Holdings family. The company specializes in providing retail and fleet financing options, primarily focusing on vehicle loans and leasing solutions that cater to both individual consumers and businesses.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, ERAC USA Finance LLC has actively participated in the bond market, commencing its bond issuance strategy in 2010. Notably, the company executed a significant bond issuance of $500 million in 2020, aimed at refinancing existing debt and enhancing liquidity amid market fluctuations. Currently, the yields on their bonds are competitively positioned within the automotive finance industry, with certain bonds featuring unique attributes such as call options and investor-friendly terms, reflecting the company’s commitment to maintaining strong investor relations and flexibility in financial management.