MetLife (MET) Investment Management and Equitable (EQH), along with lead investor New York Life, have agreed to a forward-flow facility for fintech firm Octane of up to $700 million.
New York Life, Metlife Investment, and Equitable have agreed to fund up to $350 million, $200 million, and $150 million, respectively, of fixed-rate installment powersports loans originated by Octane's in-house lender Roadrunner Financial, Octane said in a statement Tuesday.
Octane said the proceeds of the deal will support its "continued momentum" as it grew 2024 originations by 36% year over year.
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