BHG 2026-1CON is the first 144A ABS deal of 2026 for BHG Financial
DAVIE, FL / ACCESS Newswire / May 5, 2026 / BHG Financial, the leader in facilitating unsecured small business and personal loans and creator of one of the largest institutional networks in the country, sponsored BHG 2026-1CON, a $396 million ABS transaction that closed on April 29, 2026. This is the first 144A ABS deal of the year for BHG Financial.
BHG 2026-1CON priced at a weighted average coupon of 5.25% with a 99% advance rate, an impressive result achieved in a volatile, headline-driven market.
The transaction was received favorably by investors, generating orders exceeding $1.3 billion, representing a 3.3x oversubscription. Strong investor demand allowed BHG Financial to tighten pricing on three of the five offered tranches, an impressive outcome during the busiest ABS supply week since February 2026.
BHG 2026-1CON is the 12th 144A ABS transaction sponsored by BHG Financial since the start of its securitization program in 2020, and the fourth to be collateralized by 100% consumer loans. The other eight securitizations sponsored by BHG Financial included a mix of small business commercial and consumer loans.
Kroll Bond Rating Agency, LLC and Fitch Ratings, Inc. both assigned a AAA (sf) rating on the Class A notes of BHG 2026-1CON.
Goldman Sachs & Co. LLC acted as the sole Structuring Agent on the transaction. Truist Securities, Inc., Citigroup Global Markets Inc., BMO Capital Markets Corp., and Capital One Securities, Inc., were joint bookrunners. Co-Managers on the transaction were Regions Securities LLC and FHN Financial Securities Corp.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.
KBRA's ratings are subject to all of the terms and conditions set forth in the related report and KBRA's website, which you should review and understand, and can be accessed here.
Fitch's ratings are subject to all of the terms and conditions set forth in the related report and Fitch's website, which you should review and understand, and can be accessed here.
About BHG Financial?
BHG Financial is a national leader in providing financial solutions to American consumers and financial institutions. Since 2001, BHG Financial has facilitated more than $29 billion in loans, helping customers achieve greater financial flexibility in their business and personal lives. With customizable financing, simplified processes, longer loan terms, lower monthly payments, and personalized service, the BHG Financial approach to lending helps set the company apart in the market. BHG Financial also provides high-quality assets to nearly 1,750 national banks that are members of its Institutional Network, one of the largest in the country. Members have access to the BHG Financial state-of-the-art loan auction platform and premium regulatory services. BHG Financial is partially owned by Pinnacle Bank and has headquarters in Fort Lauderdale and Davie, FL and Syracuse, NY. For more information, visit bhgfinancial.com.
For More Information
Brooke Niemeyer
Director of Communications
bniemeyer@bhg-inc.com
SOURCE: BHG Financial
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/bhg-financial-closes-a-new-abs-transaction-of-nearly-400-million-1163823
