HCA transferred auto-loan contracts to a trust and will service them, which provides cash now and ongoing servicing fees.
The filing shows HCA sold a pool of auto-loan contracts into a Hyundai ABS trust and will keep servicing them. That gives HCA cash from the sale and ongoing servicing fees, while removing those loans from its balance sheet.
Citibank is named as the Indenture Trustee, a routine administrative role that brings fees but no major change to its business.
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