Bank of America: Repricings make up for lack of rate cuts
CLO and ABS issuance continues apace as spreads remain tight
By
John Hintze
ABS
Fitch: Structured credit performance to worsen
Ratings are holding up but global economic prospects dim
By
John Hintze
Jersey Mike’s preps second ABS in less than a year
Proceeds in part fund dividend for new private equity owner
By
John Hintze
Fitch Ratings proposes new criteria to rate data center securitizations
The methodology combines existing ABS and CMBS analyses
By
John Hintze
Fiber-network firm Zayo nears debt-extension deal with creditors
The framework would entail lenders of a nearly $5 billion secured loan due 2027 being partially paid and unsecured creditors receiving a coupon bump in return for agreeing to extend due dates.
Capital Street prepares master trust issuance of $475 million in ABS
The assets are loans to alternative investment funds, and Capital Street includes an 18-month revolving period when new assets can be added to the transaction.
JPMorgan forms new banking team focused on bespoke financings
Strategic financing solutions will be a collaboration between banking, markets and sales, and will initially focus on services including structured private solutions, and strategic asset-backed securities finance.
Mission Lane’s $550 million ABS deal
The Mission Lane Credit Card Master Trust will raise $550 million in capital from securitized bonds, secured by a pool of Visa-branded credit card accounts that Transportation Alliance Bank and WebBank originated. More than two million accounts are underpinning the transaction, called Mission Lane Credit Card Master Trust, series 2025-B, according to ratings analysts at […]
Volkswagen launches first 2025 Australian auto loan transaction
BofA Securities, Australia and New Zealand Banking Group and Japan's SMBC Bank International are joint lead managers.
Home improvement loans secure GoodLeap’s $357.7 million
The deal also includes a cumulative default trigger that, if in effect, will revert the GDLP 2025-2 deal to a sequential payment priority.
Wells Fargo revolving credit cards support $500 million ABS deal
The B, C and D tranches maintain minimum subordination percentages, 12.5%, 8.1% and 4.3%, respectively, allowing them to provide credit support for the class A notes.
Oportun’s unsecured consumer loans back $342.8 million in ABS
With a shifting pool mix, concentration limits and other restrictions applied to the new assets, Fitch gives the overall deal a 15.2% base case default expectation.
OWN Equipment Fund sets out to raise $227.7 million in ABS
OWN Equipment Fund has nine different equipment types that make up 96.39% of the pool's Net Orderly Liquidation Value (NOLV).
Crossroads equipment leases secure $248.5 million in ABS
The notes will be repaid sequentially, and with subordination, a reserve account that can be replenished and overcollateralization, the notes receive greater credit enhancement over time.
Pros see longevity for residential transition loans
The industry's biggest opportunities involve the evolving cost of capital, which will shift funding sources from the private, local lending markets to institutional sources.
Finance of America’s reverse mortgage secure $250.6 million in ABS
The deal includes a replenishment mechanism that allows subsequent drawdowns on existing mortgages.
Upstart’s consumer loans plans to raise $294.5 million in ABS
A cumulative net loss trigger and a material modified loan ratio trigger will direct all available funds to the note principal payment if they are breached.
Kubota Credit set to raise $733 million from pool of equipment contracts
All the notes benefit from credit enhancement equaling 4.75% of the note balance, an initial reserve account representing 0.50% of the pool balance.
ExteNet to raise $117.5 million in ABS from wireless network leases
ExteNet's capital structure maintains cash flow by including cash trapping and cash sweeping conditions.
SoFi’s pool of consumer loans secures $690.3 million in ABS
DBRS noted that about 90.5% of the 4,011 loans receive payment through Automated Clearing House, which boosts payment capture rates and minimizes cash handling.
Load More
Couldn’t load more articles. Try again.