AUTO1 Group SE has priced its third consumer car loan asset-backed securities deal, FinanceHero 3, totalling €236.3 million backed by loans from Germany and Austria. The transaction attracted 2.8 times oversubscription and achieved a blended spread of 104.9 basis points over one-month Euribor. The deal introduces a six-tranche structure, expanding from the previous five-class format. Tranches range from Class A at €173.2 million priced at 1mE + 0.68% to Class F at €6.6 million at 1mE + 3.69%. The senior tranche is anticipated to receive an AAA rating from S&P and DBRS. AUTO1 Group implemented vertical risk retention for the first time, retaining a 5% stake across all note classes. Citigroup and Crédit Agricole served as underwriters. The Berlin-based company operates Europe's leading digital platform for used cars and generated €8.2 billion in revenue in 2025.

AUTO1 Group has increased its inventory financing capacity to €1.6 billion to support continued growth, expanding its banking consortium from six to thirteen institutions. The deal includes improved terms with reduced interest margins and better conditions. The financing package comprises €1.3 billion in senior notes and €300 million in junior notes. The revolving period has been extended to November 2027. The expanded financing arrangement positions the European online car trading platform to scale its operations with more favourable borrowing terms than its previous facility.