News Summary

BHG Financial has successfully closed its largest Asset-Backed Securities (ABS) transaction to date, amounting to $500 million. This transaction, known as BHG 2025-2CON, was completed on August 14, 2025, and marks the 11th 144A ABS transaction sponsored by BHG since the inception of its securitization program in 2020. The deal was upsized from an initial offering of $400 million due to robust investor demand, which saw orders exceed $1.51 billion, a 3.0x oversubscription at the upsized amount. The Class A notes of the transaction received a preliminary AAA (sf) rating from both Kroll Bond Rating Agency and Fitch Ratings. The financing was structured by Truist Securities, with joint bookrunners including Goldman Sachs, Citigroup, BMO Capital Markets, and Capital One Securities. BHG Financial, a leader in small business lending and unsecured personal loans, continues to provide significant financial solutions through its extensive community bank network.