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Porsche Financial Services Launches First Prime Auto Lease ABS Transaction Of 2025 Worth $810 Million
Porsche Financial Services, Inc. (PFS), located in Atlanta, Georgia, has launched an auto lease Asset Backed Securities (ABS) offering in the United States. The principal amount is $810 million. This marks the fourth bond issuance by PFS within a year. PFS is a wholly owned subsidiary of Dr. Ing. h.c. F. Porsche AG, a German luxury car manufacturer.
The securities issued in this Rule 144A transaction have retained a 'AAA' rating from rating agencies and achieved competitive pricing. This underscores the robustness of PFS's lease portfolio. The transaction was divided into five tranches, including one with a floating rate, and was backed by auto lease contracts for Porsche vehicles.
The deal saw strong subscription levels across all tranches from a diverse investor base. This included investment funds, asset managers of financial institutions, trusts, banks, and corporates. Barclays Capital Inc. led the transaction with support from CIBC World Markets Corp., Mizuho, US Bancorp, and Wells Fargo Securities as book runners.
"PILOT 2025-1 is the first lease transaction to include battery-electric vehicles (BEVs), enabling PFS to securitize the entire range of model lines within the Porsche portfolio," stated Tobias Hausladen, Treasurer & Chief Financial Officer at PFS. "We saw significant interest confirming the investor confidence in our portfolio and product quality. I am very pleased with the result, considering the volatile market conditions."
Founded in 1991 and based in Atlanta, PFS provides leasing and financing products for Porsche customers and dealers in the U.S. In 2012, it expanded operations to become the captive finance provider for Volkswagen Group's exclusive brands like Bentley, Lamborghini, and Bugatti.
Porsche Cars North America, Inc. (PCNA), established in 1984 and headquartered in Atlanta since 1998, is the sole U.S. importer of models such as Porsche 911 and Taycan. PCNA operates two Porsche Experience Centers in North America—one in Atlanta and another near Los Angeles—featuring driver development tracks and business centers.
Commitment to Excellence
PCNA supports over 200 independently owned Porsche dealerships across the U.S., along with several studios and satellite stores. These dealerships provide parts, service, marketing, and training to ensure customers receive top-notch experiences aligned with Porsche's legacy of vehicle performance excellence.
Porsche's success is rooted in its rich racing heritage with over 30,000 motorsport victories to date. Accredited journalists can access photos and videos on the Porsche Press Database or PCNA Newsroom.
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