Bank of America Merrill Lynch filed a form S-3 with the Securities and Exchange Commission (SEC) to issue a CMBS under its Banc of America Merrill Lynch Commercial Mortgage Trust.
For a complete copy of the SEC filing, please click this link.
The aircraft assets will be prefunded, otherwise, the proceeds will refinance 15 vintage aircraft.
The IPO comes on the heels of several listings by companies seeking to benefit from the rapid growth of AI.
As President Trump calls for scrapping quarterly earnings reports and switching to a six-month schedule, industry observers wonder whether the time saved would be worth the potential loss of transparency.
The transaction is a securitization of 4,841 prime residential owner-occupied mortgages originated in England, Scotland and Wales by Newcastle Building Society.
Community banks that could reel in cheap deposits while keeping a lid on expenses were able to outperform peers in 2024.