Onyx Acceptance Corp., Foothill Ranch, announced the pricing of a $430 million offering of securities backed by its automobile-loan receivables.
The offering,through Salomon Smith Barney, Merrill Lynch and Chase Securities,will be Onyx’s 19th securitization of auto receivables and bring its total issued to more than $3.8 billion. The securities have been rated AAA and Aaa by Standard & Poor’s.
