OHS Issuer floats about $1.7 billion in its inaugural ABS
Sponsored by American Water, the deal funds service contracts on HVAC, plumbing and external water lines.
Esoteric ABS
Fatburger owner faces allegations it masked liquidity crunch
FAT Brands warned in late November that it could be forced to file bankruptcy after creditors demanded full repayment on its roughly $1.2 billion of whole-business securitization debt.
Cat bonds linked to wildfires lose ‘once untouchable’ status
As climate-fueled urban fires become a more regular occurrence, insurers and utilities are increasingly looking for ways to offload their risk to capital markets.
Howard Levkowitz named non-exec chairman of Gracie Point
Levkowitz is known in the capital markets for founding Signal Hill Holdings, and as managing partner of Penn Properties, a real estate investment firm.
Guggenheim’s innovations draw digital issuers to esoteric ABS
Spread premiums on esoteric ABS attract new types of investors, including those managing insurers' assets.
By
John Hintze
Hurricane Melissa cat bond payout may quell the skeptics
Jamaica's cat bond success could spur issuer and investor interest in the product, putting Beryl's failure to trigger any compensation in the past.
By
John Hintze
Americor raised $153.1 million on first rated debt settlement ABS
AMDR 2025-1 is the inaugural securitization for Americor, an Irvine, Calif.-based which offers debt resolution services, personal loans, debt resolution loans, mortgages and home equity lines of credit.
Seyfarth Shaw adds team of three lawyers led by Henry Morriello
Karsten Giesecke and Michael Karol join Morriello to represent clients such as lenders and private equity funds in transactions including RMBS, CMBS, franchise loans and esoteric assets.
First-time RTL issuer Archwest raises $300 million
The deal involves a two-year revolving period, and during that time principal proceeds can be reinvested into newly originated collateral.
Uniti Fiber ABS and Uniti Fiber TRS raise $435 million
The structure includes cash trap and sweep conditions, plus subordination that helps ensure cashflow to the notes.
Investor appetite positions agriculture ABS for growth
There's just one catch. Investors are embracing the securitizations backed by crops, and other farm assets, faster than farmers.
By
Amilda Dymi
New York City liens to power $219.9 million securitization
The deal features a full turbo amortization structure, where all collections will be applied to amortize the bond principal. No cash will be paid to the sponsor until the bonds are paid in full.
ArtSecure plans to sell securitized bonds on art portfolio loans
Notes are expected to pay a coupon of about 2.5% over the Swiss Average Rate Overnight (SARON) with an expected maturity of seven years.
Gracie Point prepares to sell $271.9 million in ABS from insurance loans
Ratings analysts caution that the notes have a WA life of about three years while, and the underlying asses have a WA remaining term of about 20 years.
Fidelis Investors raises $144.5 million from resi transition loans
The portfolio consists of first-lien, fixed-rate and interest-only balloon RTLs. They were originated with original terms of six to 24 months to maturity.
MMP Capital raises $213.3 million in ABS from medical equipment
MMP Capital has sold securitized bonds backed by equipment before, this will be the first one secured by medical aesthetic equipment contracts
Fiber-network firm Zayo nears debt-extension deal with creditors
The framework would entail lenders of a nearly $5 billion secured loan due 2027 being partially paid and unsecured creditors receiving a coupon bump in return for agreeing to extend due dates.
Sunrun Pangea seeks to raise $481 million in residential solar ABS
There is a liquidity reserve account that will be fully funded to its required amount when the deal closes.
Concord Music prepares to sell $1.7 billion in ABS from music catalog assets
The deal includes two triggers, one for debt service coverage ratio, and the other for loan-to-value ratio.
Home improvement loans secure GoodLeap’s $357.7 million
The deal also includes a cumulative default trigger that, if in effect, will revert the GDLP 2025-2 deal to a sequential payment priority.
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