Kabbage preps small business loan deal
Online small business lender Kabbage is marketing a $500m securitization of loans to small and medium sized businesses that will be used to refinance an existing deal from 2014.
Guggenheim is the sole lead on the $500m deal, which is expected to begin officially being marketed to investors in the week of March 6.
Kroll Bond Ratings has assigned an A rating to the $370.37m ‘A’ notes, and BBB to the $79.37m 'B' notes. The $26.46m ‘C’
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