8-KItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Truist agrees to sell $5.5 billion of near-prime auto loans
Filed with the SEC on · Summarized by InvestorsBot
Truist agreed to sell $5.5 billion of auto loans representing substantially all assets of Regional Acceptance Corporation, with closing expected in late third quarter or early fourth quarter of 2026, subject to customary conditions. The transaction is expected to generate $5.2 billion of net proceeds, recapture $535 million of loan-loss reserves, and increase CET1 capital by $945 million, while Truist’s $5 billion 2026 share-repurchase target remains unchanged.