Holiday Inn timeshare loans back $229.3 million ABS deal
HINNT's sellers can repurchase defaulted loans, which increases the transaction's recovery rate, and enhances the credit to the notes.
ABS
Oxford Finance prepares its latest securitization sale for $475 million
Oxford Finance's collateral has a maximum advance rate of 72.0% on the A1 and A2 notes and 82.0% on the class B notes.
Foundation Finance readies a $441.1 million ABS from home improvement loans
FFIN 2025-3's average loan balance, $16,366 was lower compared with the 2025-2 deal, when it was $19,993, and the WA interest rate on the current deal is 12.15%, down from 12.56%.
Compass Datacenters raises $326 million from five buildings
In terms of asset fundamentals, the high-quality tenant committed to a 15-year lease with maturity dates through various end dates in 2040. That includes 2.0% annual rent increases.
Ex-Pimco executive plans Europe’s first catastrophe-bond ETF
King Ridge is already managing the world's first-ever cat-bond ETF for Brookmont Capital Management, which initially planned a European version of its ETF, but shelved it earlier this year.
Consumer lender PowerPay approaches market to raise $556 million
This is PowerPay's second 144A transaction, which has a 90-day prefunded period, initially funded with $132.9 million in deposits.
Brean ABS 2025-RM13 raises $225.9 million from reverse mortgages
If the average one-month conditional prepayment rate (CPR) over a six-month period is equal to or greater than 25%, then Brean ABS will deposit 50% of available funds into the Refunding Account.
Commercial Credit’s $531 million ABS sale comes backed by equipment leases
Moody's details several strengths in the transaction, including a robust underwriting process. The assets also have a short, weighted average (WA) original term of 52 months.
Data center operator Switch raises $659 million through master trust
Switch has a large national network of data center properties, with more than 700 patents and patents pending for designs and operations in the space.
Vista taps Goldman to bundle fund stakes in $1 billion deal
While the firm has not yet finalized how much it plans to raise via the collateralized fund obligation or CFO, the transaction could be around $1 billion.
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.
Cajun Global sets out to raise $363.1 million from franchise revenue
Revenue from 1,449 restaurant locations in 26 states, secured notes from Cajun Global, which primarily, gets its cash flows from top-line royalty payments from the system's franchise locations.
Dunkin Brands returns to raise $900 million through master trust platform
DB Master Finance has a high leverage level, but a high corporate profile and amortization triggers mitigate risks stemming from that.
Barings’ latest equipment ABS raises $1 billion
The 378 contracts were extended to 105 obligors at mid- to large-size companies, and they have strong credit profiles.
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.
The SEC seeks industry input on ABS definitions
A big part of the outreach is to clearly distinguish Regulation AB asset-backed securities from Exchange Act ABS, especially as new issuers and investors enter the market.
TD hires BMO’s Soal as SRT boom prompts talent merry-go-round
Soal is joining as a managing director in charge of SRT origination, having been a director at BMO's risk & capital solutions desk.
Duke Energy comes to market with $582.1 million in storm recovery costs
Proceeds will cover storm restoration costs stemming from a series of severe storms, including hurricanes Helene in 2024, Ian and Zeta in 2020, and winter storm Izzy in 2022.
Residential solar contracts back $183.3 million in ABS
During sequential interest amortization, interest on TIP Solar's class B notes will be deferred until the interest and principal on the class A notes and class B's outstanding principal amount are all paid.
Santander aims to shed about €40 billion of credit risk in 2026
SRTs are expected to get a boost as policymakers look for ways to revive Europe's €1.2 trillion securitization market and increase financing for housing, energy and defense.
Load More
Couldn’t load more articles. Try again.