Fora Financial returns to raise $130 million from business loans
The notes are expandable, allowing the issuer might increase the size of the current notes, up to a maximum of $500 million, if the new debt meets certain conditions.
Esoteric ABS
Scooter’s Coffee in first ABS capital raise for $375 million
Scooter's Coffee brand sells beverages through a network of 910 locations across 32 states, virtually all of which are franchises (98%), and sells coffee through various formats, including coffeehouses or endcaps with drive-thrus and kiosks.
GreenSky’s deferred home improvement loans support $500 million
The deal has a two-year revolving period, scheduled to end in June 2028, when collections from the asset pool can be used to purchase new economic participations.
ALLOs latest master trust series raises $824.4 million
Three tranches of notes will be issued to investors, and the A2 tranche will issue the bulk of the debt, $613.7 million. Also, the notes have an anticipated repayment date of June 2031.
Splitero’s home equity investment contracts back $275 million in ABS
The cumulative advance rate on the notes include range from 68.5% and 87.7% on the A1 notes and A2 and A notes, respectively.
Equipment contracts back Channel EF, raising $204.8 million in ABS
Notes will amortize sequentially to allow cash to be released to the issuing entity on a limited basis if it maintains the overcollateralization target.
Deutsche Bank, Santander test world bank’s risk transfer engine
The International Finance Corporation, has agreed to insure the credit risk on a $500 million portfolio of trade finance tied predominantly to low-income and conflict-affected countries.
Groundfloor’s consumer loan venture is in a $3 million capital raise
Consumer Credit Portfolio II is not a securitization, but Groundfloor is known for two deferred-pay residential transition loan ABS that are paying investors higher premiums than rated RTLs.
Mexican fast-casual franchisor Qdoba raises $442.2 million in ABS
If principal and interest DSCR falls below 1.75x, then 50% of all excess cash flows will be deposited into the deal's cash trap reserve account.
Eclipse Aircraft taps the capital market for $415.5 million
The underlying asset pool is heavily concentrated in narrowbody aircraft models, mostly A320-200s, with large, in-service fleets and broad operator bases.
Affirm prepares to raise $548.9 million from consumer loans
The deal features a principal acceleration trigger. If breached, the transaction will divert all additional funds to paying down the principal on the notes.
Authority Brands gets set to float $461 million in ABS
The A1 VFN tranche is a variable funding note whose proceeds can be used for general corporate purposes, including acquisitions.
Lendmark Financial floats $300 million in ABS
The weighted average, base-case annualized gross loss declined from 11.78%, from 11.86%, because of minor changes in its assumptions of pool segment defaults.
Tropical Smoothie Café whips up $270 million in ABS
The whole business deal, built around a master trust structure, will be repaid primarily from franchise royalty revenue.
SoFi raises $688.5 million from consumer ABS
The deal saw notable changes from SCLP 2021-1, especially an increase in target and initial overcollateralization.
MTP’s issues $386 million in cell tower ABS, its first public deal
Tower Point Capital, the deal's manager, is considered to have one of the largest privately held wireless infrastructure portfolios in the U.S.
KKR makes $1.5 billion equity investment in Vertical Bridge
February's securitization from Vertical Bridge was the sector's largest-ever deal and included the sector's first single-B rated tranche.
Banker’s Healthcare raises $396 million from consumer loans
Initially, the transaction will follow a sequential repayment structure that requires each note class to reach a required overcollateralization percentage before the next subordinate class begins receiving principal.
Santander plans SRTs on UK, US loans amid acquisition spree
Banks have latched onto risk transfers in record numbers to gain regulatory relief that paved the way for new lending, acquisitions or shareholder payouts.
Music royalty ABS hits a high note with investors
Steady cash flows are attracting new capital to music royalty investments, including securitization, as issuers pursue deals with a broader range of artists.
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