KKR buys BMO’s $7B RV loan portfolio as banks shed debt

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A group led by KKR & Co. has purchased a roughly $7.2 billion portfolio of recreational vehicle loans from Canada’s Bank of Montreal, as private credit lenders continue to scoop up assets from financial institutions, according to a statement seen by Bloomberg. BMO started exploring the sale of the super-prime portfolio earlier this year, Bloomberg reported in […]





Source : AutoFinanceNews