Motor Trader The award-winning and longest running UK magazine for car retailing professionals. Your first stop for News, Jobs and Reports for the motor industry.
Press Release
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Blue adds mezzanine finance from Insight Investment to an existing warehouse facility
warehouse facility Blue Motor Finance (Blue) has added mezzanine subscriptions from funds managed by Insight Investment to an existing warehouse facility with a leading European Bank. This is the first mezzanine facility that Blue has added to its warehouse funding. It further diversifies the range of funding mechanisms and partners that Blue is working with. Blue’s platform and business model ...
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Blue launches its own remote signing capability technology
Blue’s pioneering use of advanced technology helps to make motoring simple for our customers and dealers. With a constant eye on market changes we were well placed to respond to the significant impact caused to the car buying experience by the pandemic. Using the latest data and analytics our dedicated in-house team of developers rolled out advancements to our dealer ...
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Blue Motor Finance benefits from substantial new equity investment from Cabot Square Capital
Last week, Cabot Square Capital substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential. It follows the announcement in December of a new £300m financing facility with a leading international bank and provides Blue with sufficient funding to deliver beyond its 2021 plans. ...
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Blue completes extension of corporate facility with Goldman Sachs
Blue Motor Finance (Blue) has completed the extension of its existing corporate facility with Goldman Sachs. Goldman Sachs has partnered with and supported Blue through financing facilities since 2019. This 3 year extension further strengthens Blue’s financial position and supports its growth in originating used car loans from its auto dealer network. Blue is relationship focused for the longer term ...
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Blue completes the extension of one of its warehouse facilities with a European bank
Blue completes the extension of one of its warehouse facilities with a European bank Blue Motor Finance (Blue) continues to strengthen its financial position and support its growth in originating used car loans from its auto dealer network. Blue has completed an extension to one of its warehouse facilities with a leading European bank. This 18 month extension demonstrates continued ...
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Azure Finance No 2 rating upgraded by Moody’s
Following on from last month’s improved credit ratings for Azure Finance No. 1 PLC. Blue is pleased to advise that Moody’s has once again improved its credit ratings for a number of Azure Finance No. 2 plc’s class notes. • Tranches B,C,D and E have all received a rating upgrade from Aa1 to Aaa; A3 to A1; Ba1 to Baa2 ...