IGS Solar raises $221 million from residential solar leases
A supplemental reserve account will be funded at closing with excess cashflows that are required to be deposited into the account over time, beginning in April 2034 until January 2039.
Esoteric ABS
Pizza Hut holds early investor talks before possible bond sale
The potential offering is expected to be a whole business securitization, where a company essentially borrows against its cash-generating assets.
GPU financing filters into ABS with Stonebriar, Wingspire deals
While much of the borrowing for the AI buildout has gone toward data-center construction, increasingly large debt packages are now being arranged to finance the chips.
Stream gets set to raise $255.6 million from home remodeling revenue
The deal will repay due principal on a pro rata basis if the class A credit enhancement is satisfied, no cumulative net loss trigger event has occurred, and no pool balance amortization event is in effect.
Advancion completes $50 million securitization of receivables
The company provides specialty ingredients and research and manufacturing services to several markets including biotechnology and pharmaceutical.
Deutsche Bank plans risk trade tied to $2 billion in fund loans
While the majority of SRTs are used to offload credit risk on corporate lending, strong demand for the instruments is allowing banks to offer other forms of collateral.
After its first ABS, Gordon Brothers adds Michael Sheridan to boost direct originations
Island CEF, a subsidiary of Gordon Brothers completed its first securitization in August, selling $265.5 million in bonds secured by equipment finance leases and loans payments.
Abacus Global sells $400 million in life-insurance backed bonds
Proceeds will allow Abacus to originate more policies and fund general corporate operations. The transaction is also part of Abacus' shift toward recurring, fee-related revenue.
Finegold moves to Vinson & Elkins to lead structured finance practice
Ed Comber, a pioneer in music catalog securitization, also joined the firm as a partner in structured finance and securitization.
Pizza Hut eyes bonds backed by franchise fees to aid buyout
A two-part sale was reached in June. Yum China Holdings agreed to buy the China-based business for $1.2 billion, while LongRange acquired the rest for $1.5 billion.
HomeServe’s portfolio to support $2 billion in ABS
The series 2026-1, A-1-V and 2026-1, A-2, issued from a master trust, have an anticipated repayment date of September 2031.
Michelle Herman appointed partner at Mayer Bown
She has advised borrowers and lenders on domestic and cross-border financing transactions across a broad range of asset classes, including trade receivables and commercial loans.
American Airlines issues $1.3 billion in ABS to finance mostly new aircraft
The aircraft assets will be prefunded, otherwise, the proceeds will refinance 15 vintage aircraft.
Capital Street’s investor loans support $500 million in ABS
Most of the waterfall will repay fees and interest, and any deficit or default amounts, until an early amortization event occurs.
Oaktree’s investment in Temple View Capital to reap more RTLs and securitizations
The private asset-backed finance capital from Oaktree is complimentary to Temple View's public ABS program.
PK ALIFT expected to raise $890.9 million in ABS
The deal will repay principal on a monthly basis, with senior expenses and fees first, unpaid interest payments on the class A and class B notes, then amounts to satisfy the coverage tests or to fund a principal reserve, if any.
Small business loans tied to CRE support Ready Cap’s latest ABS
Each Small Business Administration 7(a) loan collateralizing the notes are secured by mostly motel, hotel and gasoline and convenience store commercial real estate (CRE) properties.
FirstLight raises $1.1 billion on telecom, fiber infrastructure
The A-1-V notes are not expected to be drawn at close and will have to observe certain leverage and debt service coverage ratio (DSCR) conditions.
Jimmy John’s latest master trust ABS to sell $585 million
The transaction structure includes an interest reserve account on the senior notes, tranche 2026-A1 VFN.
Cherry Technologies raises $350 million with latest ABS
There is an optional redemption feature, which allows certificate holders to redeem the notes on any day on or after the fifth business day before the monthly payment date in July 2028.
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