Tricolor has now completed 16 ABS transactions since the company, which focuses on providing auto financing to Hispanics, issued its first securitization in July 2013.

The latest securitization unfolded this week, as Tricolor announced a $328 million issuance. According to a news release, JPMorgan acted as the lead structuring agent with Barclays serving as joint bookrunner and Fifth Third Securities as co-manager.

Tricolor said the Class A, Class B, Class C, Class D, and Class E were rated by Kroll Bond Rating Agency and Moody’s and were placed with a diversified mix of institutional investors in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended.

“Our approach is highly differentiated from most of the other issuers in sub-prime auto ABS because we operate a fully integrated retail and lending strategy,” Tricolor founder and CEO Daniel Chu said in the news release.

He also reiterated that the company is the only issuer in all of subprime auto ABS to be certified by the U.S. Treasury as a Community Development Financial Institution (CDFI).

“Consequently, it requires time for ABS investors to digest our model and recognize that our strategy generates more consistent, predictable and favorable outcomes,” Chu continued. “We have tremendous conviction that our ability to deliver on our brand promise of superior vehicle quality and affordable financing results in compelling value for the consumer, a belief that has been validated by our capital markets’ execution.”

Tricolor uses artificial intelligence and more than 17 years of proprietary customer insights along with over 50 million unique non-traditional credit attributes to unlock financially inclusive opportunities for low-income, credit invisible Hispanics “left behind by mainstream financial providers.”

To date, Tricolor, a U.S. Department of the Treasury certified CDFI, has disbursed more than $5 billion in affordable auto loans as part of its mission to “empower underserved Hispanics and provide them a path to a better future through both physical and upward financial mobility.”

For more information about Tricolor, visit tricolorholdings.com and tricolor.com.