Securitization - US Archive

  • Whole biz ABS structures show it’s a seller’s market

    Whole biz ABS structures show it’s a seller’s market

    Unlike other esoteric ABS asset classes, franchise securitization deals are still predominantly being crafted to favour issuers rather than adopting more conservative structures to attract investors. Sources say the strength of businesses through Covid-19 has allowed the sector to buck the trend.

  • Blackbird aircraft ABS takes flight

    Blackbird aircraft ABS takes flight

    Air Lease Corporation and Napier Park are working on a new aircraft securitization from their Blackbird platform after a four year hiatus, pushing the total sector volume just above $3bn.

  • KKR launches aircraft loan servicing platform

    KKR launches aircraft loan servicing platform

    Investment firm KKR announced the launch of AV AirFinance, a global commercial aviation loan servicer, on Friday. The launch comes as investor interest in US aircraft ABS grows as the buy side positions themselves early to take advantage of the recovery in the sector.

  • US aircraft ABS en route to speedy recovery

    US aircraft ABS en route to speedy recovery

    The US aircraft ABS market is recovering at a faster pace than anticipated, bolstered by increasing vaccination rates and a pent-up desire to travel ahead of the summer months. However, the biggest driver for investor demand is the structural changes in recent deals, with pristine collateral, shorter debt coverage ratios and robust skin in the game.

  • CLO investor Sancus leads wave of new managers

    CLO investor Sancus leads wave of new managers

    CLO investor Sancus Capital Management became a manager last week when it priced its debut deal. Pacific & Plains Capital, another newly formed CLO business, is also expected to join the list of CLO managers with a first deal on the horizon.

  • Toyota returns with $1.2bn green ABS

    Last week, Toyota revealed it was tapping the ABS market with a new deal backed by loans and leases for vehicles that meet its green bond framework. More specifically, the proceeds of the transaction goes towards funding new loans and leases for green vehicles.

  • Goodleap preps first green home improvement ABS deal

    Goodleap preps first green home improvement ABS deal

    GoodLeap last week, formerly called Loanpal until last week, is issuing the first ever ABS deal backed by a portfolio which includes home efficiency loans, according to a pre-sale report issued on Friday.

  • Marketplace lenders prepare for ‘true lender’ repeal

    Marketplace lenders prepare for ‘true lender’ repeal

    A likely repeal of the Office of the Comptroller of Currency's 'true lender' rule reopens the gates of regulatory uncertainty for marketplace lenders. However, the industry is still confident lenders will be able to manage the risks of states challenging their bank origination model, considering the short period in which the rule has been in place.

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