Jul 31, 2014 Its still more common for companies to finance sales that they have yet to collect on through asset-backed commercial paper conduits or asset-based loans, but term securitizations offer issuers more flexibility.
Jul 31, 2014 The company sold approximately $312 million of certificates with a blended effective interest rate of LIBOR plus 1.92%; it did not indicate how each tranche priced.
Jul 31, 2014 The $800.2 million deal, Enterprise Fleet Financing Series 2014-2, will be backed by payments on a pool of open-end and closed-end vehicle fleet lease contracts for cars, light-duty trucks, and other vehicles.
Jul 31, 2014 Morgan Stanley and Bank of America Merrill Lynch priced $911 million of bond backed by 67 mortgage loans on 72 multifamily and commercial real estate properties.
Jul 31, 2014 Timeshare operator Orange Lake Country Club return to the market for the first time in two years with a $148 million securitization.
Jul 31, 2014 OFS Capital Management and GSO/Blackstone Debt Funds Management are in the market with collateralized loan obligations, adding nearly $1.1 billion to the new issue pipeline.
Jul 30, 2014 Carlyle Investment Management and MJX Asset Management have added a total of $1.4 billion to the CLO pipeline, according to presale reports from Fitch Ratings.
Jul 30, 2014 Advances in technology could explain why lenders continue to offer subprime car loans. While the loans are still risky, these technologies have made the process of repossessing vehicles cheaper and easier, minimizing potential losses on soured loans.
Jul 30, 2014 American Credit Acceptance, with more seasoned loans and longer operating history than CarFinance, achieved better pricing on its senior notes.
Jul 30, 2014 JP Morgan Chase and Barclays plan to issue $1.12 billion of commercial mortgage backed securities via the JPMBB Commercial Mortgage Securities Trust.
Jul 30, 2014 The DiscoverSeries Class A (2014-4) notes, issued under the Discover Credit Execution Note Trust, are priced at a spread of 36 basis points over interpolated swaps. The notes have a 4.87-year weighted average life.
Jul 30, 2014 United Airlines priced over $1 billion of aircraft enhanced equipment trust certificates (EETC), according to deal documents.
Jul 29, 2014 Dollar Tree's acquisition of Family Dollar for $8.5 billion means that the number 15th and number 65th tenants in CMBS transactions may soon occupy less commercial real estate.
Jul 29, 2014 Nelnet priced $573 million of student loan securities backed by 100% Federal Family Education Loan Program collateral.
Jul 29, 2014 A $258 million class A-1 tranche with a preliminary AAA ratings from Fitch is marketed at three-month Libor plus 153 basis points.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
Securitization of very large commercial mortgages is picking up again, and so is the leverage in some of these deals.Current Issue