Mercedes-Benz Finance North America LLC, founded in 1998 and headquartered in Farmington Hills, Michigan, is a financial services subsidiary of Daimler AG that provides a range of financing solutions primarily to support the sale of Mercedes-Benz vehicles in North America. The company offers retail and lease financing options, working capital solutions, and investment products designed to cater to both individual consumers and dealership partners.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Mercedes-Benz Finance North America has been active in the bond market, initially issuing bonds in 1998 to fund its financing operations. In recent years, the company has issued significant amounts of asset-backed securities (ABS), including a notable $1 billion issuance in 2021, which showcased robust demand and competitive yields compared to industry averages. The company's bonds generally feature fixed and floating-rate options, with some tied to the performance of specific vehicle portfolios, enhancing investment appeal. Recent market news highlights the company's continued focus on sustainability, which may influence future bond offerings aligned with environmentally-friendly vehicle financing.