Twenty Reed Smith attorneys stage mass exodus to Benesch
The group is planting a flag for a new structured finance platform and real estate finance team in Miami and is expected to also strengthen Benesch's New York presence with two partners.
Securitization
Bayview Opportunity raises $404.6 million
Notes are expected to pay coupons of 5.69% on the A1A notes and 5.89% on the A1B notes. Beyond that, the A2 and A3 notes pay coupons of 5.92% and 5.97%, respectively.
Avant non-prime credit cards raise $300 million
Structured as a master trust deal, AVCCT 2026-1 includes a three-year revolving period, when no principal payments will be made on the series 2026-1—unless an early amortization event happens.
Used autos raise $462.5 million for Driveway Finance
Notes are expected to pay coupons of 4.05% on the notes rated R-1 (high) (sf) and 4.59% and 4.79% on the A1 and A2 notes, respectively.
Cross Country and APF raise $588.6 million in RMBS
A mix of underwriting methods were used on the asset pool, but alternative documentation took a larger portion than the rest, accounting for 35.5%.
Towd’s latest mortgage pool raises $465.5 million
The RMBS deal expects to pay coupons of 4.53% on the A1A through B4 notes, virtually all the notes in the capital structure.
Second-lien issuance expected to reach $41 billion this year
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
Redaptive Sustainability’s first equipment lease ABS raises $105.8 million
Equipment loans and leases that Redaptive Sustainability primarily acquired from originators, will back the asset pool.
Egan-Jones weighs in ahead of XFLT trustees vote on Octagon removal
Shareholders of XAI Floating Rate & Alternative Income should not support Octagon's removal as the fund's sub-adviser, Egan-Jones said, citing limited benefits to shareholders.
Arivo in capital raise with subprime auto loan pool
The rule 144A deal's structure includes a cash collateral account represents 1.00% of the note balance across all tranches.
A fiber network company makes its $880 million ABS debut
The transaction will repay senior fees, principal and interest on the A1 class before repaying monthly interest on all remaining outstanding classes of notes.
CIP taps Morgan Stanley to bundle fund stakes in $1 billion deal
CIP, which specializes in energy infrastructure, is working with Morgan Stanley on a collateralized fund obligation. The transaction could be around $1 billion.
J.P. Morgan’s prime mortgages raise $336.5 million in RMBS
Almost one third of borrowers in the pool, 26.3%, are self-employed, with a non-zero weighted average (WA) average income of $832,522, and $666,211 in liquid reserves.
Island CEF’s equipment leases underpin $265.5 million in ABS
The top 20 obligors account for 32.0% of the aggregate securitization value, while the top 10 represent 18.8%, a moderately elevated concentration.
Achieve’s HELOC pool to support $261.4 million in RMBS
Servicers of ACHM Trust 2026-HE1's underlying mortgages are also not required to forward any principal and interest advances on the mortgage loans they service.
NEF Holdings raises $251.6 million in equipment ABS
SLR series 2026-1 benefits from initial overcollateralization of 8.00%, with a target of either 13% of the pool's aggregate ABS value or 8.00% of the securitization value on May 31.
Hyperscalers drag down bond gauges across global markets
The wave of issuance has become a test of credit market depth, while growing unease over the scale of AI spending is hammering the shares of chipmakers and cloud-computing giants.
Capital Street’s investor loans support $500 million in ABS
Most of the waterfall will repay fees and interest, and any deficit or default amounts, until an early amortization event occurs.
Point 2026-2 just delivered home equity investments’ biggest ABS
Raising $508.6 million, and being the first to cross the half-trillion dollar mark, the Point 2026-2 series also drove down funding costs by more than 220 basis points.
Oaktree’s investment in Temple View Capital to reap more RTLs and securitizations
The private asset-backed finance capital from Oaktree is complimentary to Temple View's public ABS program.
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