Squire Patton Boggs hires O’Donnell and Menon
O'Donnell, a partner, will work in its New York office and Menon is a director in London.
ABS
Twin Peaks owner, creditors tap advisers for debt talks
The group is negotiating a reworking of the debt, which FAT Brands has struggled to service despite relatively steady performance at its chains.
Star Mountain looks to issue bonds that bundle up private credit
Bespoke securitizations have been gaining in popularity as private fund managers look for ways to raise cash amid a slump in dealmaking and fundraising.
SunStrong sells $900 million in residential solar ABS
Notes are anticipated to repay in October 2032, with a final maturity date of December 2055.
SOUP raises $90.5 million from SBA small business loans
Loans for hotels and motels, except those that have casinos, account for 19.43% of the pool balance, the largest portion.
Zayo’s latest master trust issuance to raise $846.2 million
In Zayo Issuer's payment structure, senior fees are paid first and then interest is paid monthly on all remaining outstanding classes of notes.
Ambani’s reliance raises $2.4 billion in asset-backed securities
The Reliance offering drew a robust response, as it gave investors a chance to own top-rated asset-backed securities in a market still dominated by non-bank financial firms.
Navigator Aviation platform to raise $610 million
The deal must own at least eight assets, otherwise it will begin to use any excess cash to fully pay down the notes.
DataHoldings ready to sell $1 billion in data center-related ABS
HYPER 2025-1 is DataBank Holdings' first hyperscale data center securitization, secured by the data centers in Virginia, Georgia, and New York.
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.
Hilton Grand offers $400 million in timeshare ABS
The percentage of larger loans in HGVT-2 is 20.08%, S&P said. While that is lower than the 23.2% seen in the previous deal, it is still too high.
Vantage Data Centers prepares to sell $337 million from data center leases
One tenant accounts for 59.7% of the leased capacity and 56.4% of annualized adjusted base rent, but also has a AAA rating.
Apollo’s Brightspeed seeks more financing for fiber buildout
The proposed injection would be structured as a first-out, first-lien bond. The incremental debt would carry a 10.5% coupon with a 2031 maturity.
Centersquare sells another $815 million in notes to investors
Data centers across 20 markets will provide the revenues to support the notes. Also, the largest customer accounts for 6.5% of annualized monthly recurring revenue (AMRR).
Domino’s raises $1.32 billion in ABS sale to refinance debt
Domino's also raised $320 million through a variable funding note facility, not offered to investors. Barclays Plc is leading the transaction, joined by Guggenheim Securities LLC.
Small business lender BasePoint floats $102 million in ABS
The transaction structure includes a revolving period of about three years that will shut out principal payments.
North Mill raises $582.3 million in second 2025 deal
A credit analyst manually reviews the pool's underwriting decisions, instead of just leaving it all to automation.
Hilton Grand and subsidiaries launch $400M timeshare ABS
The deal's weakening credit numbers follow timeshare trend.
By
John Hintze
Truist brings to market BHG’s second consumer-loan ABS deal this year
FICO scores and credit enhancement slip in BHG's largest deal to date
By
John Hintze
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