The proceeds of the securitisation will be used by Olympic to diversify its funding base, reduce its diesel footprint by replacing existing fleet with electric and hybrid vehicles, as well as to extend new leases to existing and new corporate and SME clients.
Issuer: Cronus Finance Designated Activity Company is a special purpose vehicle established in Ireland for the purposes of the true sale, revolving securitisation of auto leases originated by Olympic.
Originator: Olympic is the leading car rental company in Greece and the master franchisee of Avis Budget Group, holding a market share of around 30 per cent. With a fleet of more than 38,000 vehicles, the company is active both in the car rental and leasing segments, as well as in sales of used cars.
+30 210 6879800
50A, Vasileos Georgiou, Chalandri 15233, Greece
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