Ameritrust receives three non-binding term sheets

Executive Summary

• Ameritrust Financial Technologies has received three non-binding term sheets from U.S.-based financial institutions (two national banks and one investment management firm with over $50 billion in AUM) for vehicle lease and loan originations.
• If finalized, the aggregate potential financing from these facilities is estimated at up to $1 billion (U.S.), with an anticipated origination capacity of up to $1 billion (U.S.) per annum.
• The company aims to finalize funding facility agreements and begin approving and funding new leases and loans in the fourth quarter of 2025, contingent on securing definitive legal documentation and customary closing conditions.

Key Details

• Term Sheets Received: Three non-binding term sheets secured from prospective partners.
• Counterparties: Two national banks and one investment management firm with over $50 billion (U.S.) in assets under management.
• Potential Financing Amount: Up to $1 billion (U.S.) in aggregate potential financing from the facilities.
• Origination Capacity: Estimated at up to $1 billion (U.S.) per annum once takeout facilities are secured.
• Facility Structure: Designed to allow for private sale or securitization takeouts.
• Capital Requirements: Term sheets contemplate raising equity and/or convertible debt to support the financing facilities; specific amounts depend on final facility sizes.
• Operational Status:
  • COO Blake Kirk’s team is ensuring operational and administrative functions are ready.
  • CRO Troy Hocker’s team is equipping direct and indirect sales channels.
  • The company is requalifying 962 "active dealer partners" for reactivation.
  • Dealer partners submitted more than 200 applications for approval in the last month.
• Timeline: Goal is to finalize agreements and begin funding in Q4 2025, with expected strong growth in 2026.
• Risk Factors: Completion is subject to definitive legal documentation and customary closing conditions; no assurance that facilities will be entered into on current terms or at all.

Notable Quotes

• "We have been working diligently over the past year to position Ameritrust to be able to obtain term sheets from prospective partners. I am pleased that we are now working towards finalizing a combination of both warehouse and flow facilities with the first of multiple financial institutions." — Jeff Morgan, CEO
• "My team's goal is to finalize the funding facility agreements and begin approving and funding new leases and loans in the fourth quarter of 2025. Thanks to the patience and commitment of our shareholders and investors, Ameritrust should see strong growth in 2026." — Jeff Morgan, CEO