AmeriTrust Provides Lease and Loan Origination Update
AmeriTrust Financial Technologies (OTCQB:AMTFF) has received three non-binding term sheets from U.S. financial institutions to fund vehicle lease and loan originations. Two are from national banks and one from an investment management firm with over $50 billion in AUM.
The potential funding facilities could provide up to $1 billion in aggregate funding, with an estimated annual origination capacity of up to $1 billion. The company aims to begin approving and funding new leases and loans in Q4 2025. AmeriTrust currently has 962 Active Dealer Partners who have submitted over 200 applications in the last month.
The term sheets require AmeriTrust to raise additional equity and/or convertible debt. The company notes that final agreements are subject to definitive documentation and closing conditions.
AmeriTrust Financial Technologies (OTCQB:AMTFF) ha ricevuto tre lettere di intenti non vincolanti da istituti finanziari statunitensi per finanziare il leasing e l'erogazione di prestiti per veicoli. Due provengono da banche nazionali e una da una società di gestione degli investimenti con oltre 50 miliardi di dollari in asset under management (AUM).
Le potenziali linee di finanziamento potrebbero arrivare fino a 1 miliardo di dollari in finanziamenti aggregati, con una capacità stimata di originazione annua fino a 1 miliardo di dollari. L'azienda punta ad iniziare ad approvare e finanziare nuovi leasing e prestiti nel quarto trimestre del 2025. AmeriTrust conta attualmente su 962 partner concessionari attivi che hanno presentato oltre 200 richieste nell'ultimo mese.
Le lettere di intenti richiedono ad AmeriTrust di raccogliere ulteriori capitali e/o debito convertibile. L'azienda specifica che gli accordi finali sono soggetti a documentazione definitiva e condizioni di chiusura.
AmeriTrust Financial Technologies (OTCQB:AMTFF) ha recibido tres cartas de intención no vinculantes de instituciones financieras estadounidenses para financiar el arrendamiento y la originación de préstamos para vehículos. Dos provienen de bancos nacionales y una de una firma de gestión de inversiones con más de 50 mil millones de dólares en activos bajo administración (AUM).
Las posibles facilidades de financiamiento podrían proporcionar hasta 1 mil millones de dólares en financiamiento agregado, con una capacidad estimada de originación anual de hasta 1 mil millones de dólares. La compañía tiene como objetivo comenzar a aprobar y financiar nuevos arrendamientos y préstamos en el cuarto trimestre de 2025. Actualmente, AmeriTrust cuenta con 962 socios concesionarios activos que han presentado más de 200 solicitudes en el último mes.
Las cartas de intención requieren que AmeriTrust recaude capital adicional y/o deuda convertible. La compañía señala que los acuerdos finales están sujetos a documentación definitiva y condiciones de cierre.
AmeriTrust Financial Technologies (OTCQB:AMTFF)는 미국 금융기관으로부터 차량 리스 및 대출 개시 자금을 조달하기 위한 세 건의 구속력 없는 조건서를 받았습니다. 이 중 두 건은 전국 은행에서, 한 건은 500억 달러 이상의 운용 자산(AUM)을 보유한 투자 관리 회사에서 나왔습니다.
잠재적인 자금 조달 시설은 총 10억 달러까지의 자금 조달을 제공할 수 있으며, 연간 최대 10억 달러의 대출 개시 능력을 예상하고 있습니다. 회사는 2025년 4분기에 신규 리스 및 대출 승인과 자금 지원을 시작하는 것을 목표로 하고 있습니다. 현재 AmeriTrust는 962개의 활성 딜러 파트너를 보유하고 있으며, 지난 한 달 동안 200건 이상의 신청서를 제출받았습니다.
조건서에는 AmeriTrust가 추가 자본 및/또는 전환사채를 조달해야 한다는 내용이 포함되어 있습니다. 회사는 최종 계약이 확정 문서 및 마감 조건에 따라 달라질 수 있음을 명시했습니다.
AmeriTrust Financial Technologies (OTCQB:AMTFF) a reçu trois lettres d'intention non contraignantes de la part d'institutions financières américaines pour financer les contrats de location et les prêts automobiles. Deux proviennent de banques nationales et une d'une société de gestion d'investissements disposant de plus de 50 milliards de dollars d'actifs sous gestion (AUM).
Les facilités de financement potentielles pourraient fournir jusqu'à 1 milliard de dollars de financement global, avec une capacité d'origination annuelle estimée pouvant atteindre 1 milliard de dollars. La société vise à commencer à approuver et financer de nouveaux contrats de location et prêts au quatrième trimestre 2025. AmeriTrust compte actuellement 962 partenaires concessionnaires actifs qui ont soumis plus de 200 demandes au cours du dernier mois.
Les lettres d'intention exigent qu'AmeriTrust lève des fonds supplémentaires en capitaux propres et/ou en dette convertible. La société précise que les accords définitifs sont soumis à une documentation finale et à des conditions de clôture.
AmeriTrust Financial Technologies (OTCQB:AMTFF) hat drei unverbindliche Term Sheets von US-Finanzinstituten erhalten, um Fahrzeugleasing- und Kreditvergaben zu finanzieren. Zwei stammen von nationalen Banken und eines von einer Investmentgesellschaft mit über 50 Milliarden US-Dollar verwaltetem Vermögen (AUM).
Die potenziellen Finanzierungseinrichtungen könnten bis zu 1 Milliarde US-Dollar an Gesamtfinanzierung bereitstellen, mit einer geschätzten jährlichen Originierungskapazität von bis zu 1 Milliarde US-Dollar. Das Unternehmen plant, im vierten Quartal 2025 mit der Genehmigung und Finanzierung neuer Leasing- und Kreditverträge zu beginnen. AmeriTrust verfügt derzeit über 962 aktive Händlerpartner, die im letzten Monat über 200 Anträge eingereicht haben.
Die Term Sheets verlangen von AmeriTrust, zusätzliches Eigenkapital und/oder wandelbare Schulden aufzubringen. Das Unternehmen weist darauf hin, dass endgültige Vereinbarungen von der endgültigen Dokumentation und den Abschlussbedingungen abhängen.
- Potential access to up to $1 billion in funding facilities
- Strong dealer network with 962 Active Dealer Partners
- Already receiving applications with 200+ submissions in the last month
- Multiple funding options from credible institutions including two national banks
- Term sheets are non-binding and subject to conditions
- Additional equity/debt raising required which may lead to dilution
- No guarantee of finalizing agreements on current terms
- Operations not expected to begin until Q4 2025
TORONTO, ON / ACCESS Newswire / July 28, 2025 / AmeriTrust Financial Technologies Inc. (TSXV:AMT)(OTCQB:AMTFF)(Frankfurt:1ZVA) ("AmeriTrust" or the "Company"), a fintech platform targeting automotive finance and specializing in used vehicle lease originations for the automotive industry, is pleased to announce an update on its lease and origination business.
The Company has received three non-binding term sheets ("Terms Sheets") to fund new and used vehicle lease and loan originations from U.S.-based financial institutions. Two of the financial institutions are national banks, and the third institution is an investment management firm with over USD
AmeriTrust's CEO Jeff Morgan commented: "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 (the "Funding Facilities") with the first of multiple financial institutions."
If completed on the terms set out in the Term Sheets, the Company estimates that the aggregate amount of the potential funding from these facilities is up to USD
The Term Sheets set out that the Funding Facilities are designed to allow for private sale or securitization takeouts. The Company anticipates that as it is able to secure a "takeout" periodically like its industry competitors have achieved, it will have origination capacity of up to USD
CEO Jeff Morgan added, "While we have been negotiating with many prospective partners, Blake Kirk, AmeriTrust's COO, and his team have been busy ensuring that all operational and administrative functions will be in place so that once funding capital has been secured, AmeriTrust will be able to provide lease and loan financing to new and used vehicle owners in a short period of time. Troy Hocker, the Company's CRO, has been working with his team to ensure that direct and indirect sales channels have the tools they need for production immediately. The team is working to re-qualify each of our 962 "Active Dealer Partners" and to re-activate them in our systems to start submitting applications. As of today, these dealer partners have submitted more than two hundred applications in the last month for approval. 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."
The Term Sheets contemplate the Company raising equity and/or convertible debt to support the respective Funding Facilities. The amount of additional capital that will be required is dependent upon the amount of the Funding Facilities.
The completion of all Funding Facilities is subject to finalization of definitive legal documentation and customary closing conditions. The Company cautions that there can be no assurance that the Funding Facilities will be entered into on the current terms set out in the Term Sheets, or at all.
The Company will keep shareholders informed of the timing and amount of any potential equity or debt financings, and the continued finalization of definitive agreements.
About AmeriTrust Financial Technologies Inc.
AmeriTrust Financial Technologies Inc., listed on the TSX Venture Exchange, OTCQB, and Frankfurt markets, is a finance solution and fintech provider disrupting the automotive industry. AmeriTrust's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. AmeriTrust's platform is being made available across the United States.
For further information, please visit the AmeriTrust website or contact:
Shibu Abraham, CFO
E: info@ameritrust.com
P: 800-600-6872
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Certain information included herein is forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information may include statements regarding the objectives, business strategies to achieve those objectives, expected financial results (including those in the area of risk management), economic or market conditions, and the outlook of or involving AmeriTrust, its subsidiaries and its businesses. Such information is typically identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "plan", "forecast", "future", "outlook, "guidance", "may", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes.
Forward-looking information is provided for the purpose of providing information about management's expectations and plans about the future and may not be appropriate for other purposes. Forward-looking information herein include the amount the execution of the Funding Facilities, the anticipated financial benefits of the Funding Facilities, the amount of funding to be secured by the Funding Facilities and estimated origination capacity, the ability to obtain equity, debt or mezzanine financing and are based on various assumptions and expectations that AmeriTrust believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Those assumptions and expectations are based on information currently available to AmeriTrust, including information obtained from third party industry analysts and other third-party sources, and the historic performance of AmeriTrust's businesses. Such assumptions include the timing of receipt of necessary regulatory approvals, anticipated financial performance, current business and economic trends, the amount and timing of future dividends paid by AmeriTrust, business prospects, utilization of tax basis, regulatory developments, currency, exchange and interest rates, commodity prices relating to the automotive industry, trading data, cost estimates, our ability to obtain financing on acceptable terms, and statements regarding net working capital, anticipated operational and capital expenditure reductions, the length and impact of COVID-19 on AmeriTrust's businesses and customers and capital expenditure requirements of AmeriTrust, the assumptions set forth under the "Financial Outlook" sections of our MD&A. The forward-looking information is also subject to the risks and uncertainties set forth below.
By its very nature, forward-looking information involves numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, AmeriTrust's actual performance and financial results may vary materially from those estimates and intentions contemplated, expressed or implied in the forward-looking information. These risks and uncertainties include those relating to incorrect assessments of value when making acquisitions, increases in debt service charges, the loss of key personnel, the anticipated impact of the COVID-19 pandemic, the impact of increased inflation and the expected economic recession, fluctuations in foreign currency and exchange rates, inadequate insurance coverage, liability for cash taxes, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks involving our facilities, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in our MD&A under the heading "Risk Factors". The preceding list of assumptions, risks and uncertainties is not exhaustive.
When relying on our forward-looking information to make decisions with respect to AmeriTrust, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking information is provided as of the date of this document and, except as required by law, AmeriTrust does not undertake to update or revise such information to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
SOURCE: AmeriTrust Financial Technologies Inc.
View the original press release on ACCESS Newswire
FAQ
What is the potential funding amount AmeriTrust (AMTFF) has secured through term sheets?
When will AmeriTrust (AMTFF) begin funding new leases and loans?
How many dealer partners does AmeriTrust (AMTFF) currently have?
What conditions must AmeriTrust meet to secure the funding facilities?
Who are the financial institutions providing term sheets to AmeriTrust?
