Western Funding Inc., a subsidiary company of Westlake Technology Holdings, announced a major milestone in its corporate evolution with the successful closing of its inaugural asset-backed securitization (ABS), WEFUN 2025-1, totaling $400 million.

This landmark transaction marks Western Funding’s debut in the capital markets and reinforces the company’s commitment to growth, innovation, and long-term stability. The ABS was backed by a pool of auto loans originated by Western Funding’s expansive dealer network.

“This is a transformational step for Western Funding,” said Jim Murray, President of Western Funding. “The success of our first securitization validates the strength of our platform and our future ambitions.”

Structured as a revolving deal with a 24-month reinvestment period, the proceeds from this issuance will be used to support continued loan originations, repay debt, and fund strategic initiatives. Western Funding will continue to service the underlying assets and to deliver value to its over 2,000 participating dealerships nationwide.

“Bringing our first ABS to market is a proud moment for the team,” said Franka Bicolli, VP of Capital Markets for Westlake Financial. “This transaction lays the groundwork for future issuances and expands Western Funding’s access to efficient, scalable capital.”

This transaction reflects growing investor confidence in Western Funding’s performance and strategy. It was executed without registration under the Securities Act of 1933 and is compliant with Rule 135c.

Western Funding’s portfolio now stands at $1.2 billion in auto loans, serving a national footprint across 49 states.