SolarCity, Hooters, One Main price latest deals

hooters
By Matthew Scully
24 Jul 2014

A spate of asset-backed securities totaling $3.85bn were sold Thursday afternoon this week, including the latest from SolarCity, a debut from Hooters Restaurant Group and a billion dollar consumer loan ABS from One Main Financial.

SolarCity sold Thursday the $201.5m solar asset-backed security it began marketing earlier in the week. The deal, underwritten by Credit Suisse, was rated triple-B plus by Standard & Poor’s. The 6.89 year senior tranche was sold tighter than guidance at 180bp over interpolated swaps. Price ...

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