Hageman floats $101.4 million on tax lien assets
They are not municipal bonds, but they follow municipal bond repayment practices.
Esoteric ABS
Brean ABS, 2025-RM11, raises $206.5 million from reverse mortgages
On a cumulative basis, advance rates on the notes range from 95.4% on the A1 notes to 121.8% on the class M5 notes.
GlobalCapital names Toorak 2024-RRTL1 RMBS Deal of the Year
When it closed in February 2024, Toorak 2024-RRTL1 became the first rated RTL completed. Managers increased the capital raise to $240 million, from the initial $192 million.
SunStrong aims to raise $253.8 million from residential solar loan revenue
SunStrong Issuer also includes a sequential amortization trigger. Should the cumulative default level exceed the applicable trigger level.
Cherry Securitization floats $300 million from loans on elective medical procedures
The dental and medical spa industries accounted for 60.1% and 26.0% of the deal's balance.
NYSERDA issues $59.7 million from solar and energy improvement loans
The transaction will issue about 10 classes of notes, composed of one term bond and nine serial bonds.
Carlyle nears bond sale tied to Keith Urban, Katy Perry music rights
The deal taps into insurers' growing demand for long-dated private credit investments. More than a dozen investors, are set to participate in the transaction.
Palmetto HASI sponsors first residential solar ABS, raising $286 million
The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.
IPv4 address provider Cogent raises $164.4 million
Less than 1% of IPv4 addresses is available to brokers or IP address lessors globally, and Cogent already controls part of that supply.
Aggressive LMEs circumvent Serta ruling with a new structure
First aggressive LMEs in Europe rankle lenders, who have pursued court rulings on their permissibility.
By
John Hintze
Rithm sells largest ever bond backed by homeowners’ mortgage fees
The bonds are tied to rights to collect mortgage payments, known as mortgage servicing rights, and it's only the second such deal that's non-recourse.
Homeward Opportunities raises $477.2 million in notes from RTLs
Aside from that, three collateral performance trigger events—delinquency, default and extension rate—that can force an early amortization are structured into the deal.
Sports debt expected to be newest collateral for securitizations, Academy says
Private equity firms are buying stakes in sports teams more frequently, at the same time that more stadiums are being built or renovated.
Ex-Pimco executive to run world’s first catastrophe-bond ETF
As an investment, cat bonds have drawn attention in recent years after far exceeding returns on other high-risk fixed-income markets.
Sunrun Bacchus returns to raise $695 million on solar revenue
Initial hard credit enhancement, based on a Pv6 securitization share of ADSAB is 27.8%, higher than the 18.7% on the Sunrun 2024-3 transaction.
Demand for climate risk capital amplifies cat bond issue, total returns
Catastrophe bonds come with risk and unique advantages as some call the asset class "the holy grail" of investments.
By
Amilda Dymi
Wingstop Funding returns to raise $500 million in ABS
International locations account for 13.3% of restaurants in the whole business securitization, a slight increase from 11.4%.
Tesla Finance ventures into securitizing resi solar installment contracts, raising $500 million
Fitch Ratings said Tesla Finance enters the residential solar finance ABS arena with underlying loans that have the highest WA FICO score presented to it for a rating.
Q&A: Orrick talks esoteric ABS trends
Acquisition-financing securitization takes hold while AI and escalating data centers drive energy deals.
By
John Hintze
TGI Friday’s hunts for buyer, faces hurdle tied to bond sale
TGI Friday's said in court papers it lost "a significant portion of its revenue stream" because it no longer will receive the benefit of restaurant royalty payments.
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