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Press Release from Blue Motor Finance
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Blue completes increase and extension of one of its warehouse facilities with a European bank and Insight Investment.
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 successfully completed an extension and increase to £250m of one of its warehouse facilities with a leading European bank and Insight Investment, a global asset and risk manager. This 24 month extension and increased ...
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Blue Motor Finance powers through the £2bn mark
Blue Motor Finance today announce that it has smashed the £2bn lending mark. Since 2014, Blue has made stunning progress and in a short period of time has become one of the best-known names in motor finance. Blue provides hire purchase motor finance to customers via its network of over 2,000 quality checked used car dealerships, and also offers SME ...
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Blue Motor Finance successfully closes new £25 million SME lending warehouse facility with senior funding from Citi
Blue Motor Finance (Blue) has successfully closed a new warehouse facility with senior funding from Citi to support the growth of its SME lending business to its auto dealer network. This is the first SME lending warehouse facility that Blue has added to its funding platform. It further diversifies the range of funding solutions Blue has accessed. This success strengthens ...
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Blue’s latest partnership with Banked revolutionises customer payments
Blue Motor Finance (Blue) announces its latest partnership with digital payment provider, Banked. Banked provides a new payment method offering customers a fast and secure way to pay directly using their online banking app. It can be simply and seamlessly integrated with existing payment capabilities for companies to improve customer payment experience and cost effectiveness of payments. This is the ...
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Blue successfully increases, to £312 million, it’s warehouse facility with senior funding from Societe Generale and mezzanine finance from Insight Investment
Blue Motor Finance (Blue) has successfully increased one of it’s warehouse facilities to £312 million with senior funding from Societe Generale and mezzanine subscriptions from funds managed by Insight Investment. This is a sizable increase from the previous £250 million level and is testament to Blue’s strong working relationships with its financing partners. 2022 was Blue’s best ever year in ...
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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 ...