X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Hyundai Capital America (HCA) finances purchases of Hyundai and Kia vehicles across the United States. The business has grown rapidly over the past decade along with sales of Hyundai- and Kia-branded cars. For HCA, this growth led to a heavy reliance on debt and stretched the company’s capital structure toward the upper limits of internal targets for debt-to-equity leverage.

“The perception of the quality of our brands has reached an inflection point since the financial crisis, and our business has grown in lockstep with those brands,” says Frank Boroch, director of treasury for HCA. “That has been tremendous, but because borrowed money is the raw ingredient for the finance division, we were pounding the pavement looking for organizations willing and able to lend to us on a repeat basis and at the lowest rate possible.”

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

More from this author

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.