Western Funding, Inc. (WFIM), a subsidiary company of Westlake Technology Holdings, is proud to announce a major milestone in its corporate evolution with the successful closing of its inaugural asset-backed securitization (ABS), WEFUN 2025-1, totaling $400 million.

This landmark transaction marks Western Funding’s debut in the capital markets and reinforces the company’s commitment to growth, innovation, and long-term stability. The ABS was backed by a pool of auto loans originated by Western Funding’s expansive dealer network.

“This is a transformational step for Western Funding,” said Jim Murray, President of Western Funding. “The success of our first securitization validates the strength of our platform and our future ambitions.”

Structured as a revolving deal with a 24-month reinvestment period, the proceeds from this issuance will be used to support continued loan originations, repay debt, and fund strategic initiatives. Western Funding will continue to service the underlying assets and to deliver value to its over 2,000 participating dealerships nationwide.

“Bringing our first ABS to market is a proud moment for the team,” said Franka Bicolli, VP of Capital Markets for Westlake Financial. “This transaction lays the groundwork for future issuances and expands Western Funding’s access to efficient, scalable capital.”

This transaction reflects growing investor confidence in Western Funding’s performance and strategy. It was executed without registration under the Securities Act of 1933 and is compliant with Rule 135c.

Western Funding’s portfolio now stands at $1.2 billion in auto loans, serving a national footprint across 49 states.

About Westlake Technology Holdings: Westlake Technology Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $24 billion in assets under management. Westlake Financial (“Westlake”) originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and a wide variety of asset types. Westlake also offers credit facilities and commercial real estate loans through Westlake Capital Finance (WCF); portfolio servicing through Westlake Portfolio Management (WPM); floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; shared cash flow auto lending through Westlake’s wholly-owned subsidiary, Western Funding Inc., a Nevada based auto lender; indirect automotive leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); dealer leads and direct-to-consumer auto loans are offered through Westlake Direct; consumer installment loans are offered through Westlake’s wholly-owned subsidiary LoanCenter, www.loancenter.com.

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“The success of our first securitization validates the strength of our platform and our future ambitions.”