Blue Stream Communications is in the market with its third securitization, raising $913.5 million in asset-backed securities through the Blue Stream Issuer, series 2026-1 notes, backed by fiber-to-the-home (FTTH) infrastructure contracts, primarily.
Coming to market through a master trust structure, the deal can issue notes in addition to the A-1 tranche, a liquidity funding note (LFN) with a commitment up to $28 million; A2, B and C tranches. All the notes have an anticipated repayment date (ARD) of December 2031 and a final maturity date of December 2056, according to analysts at Kroll Bond Rating Agency.
