Avant signs warehouse for UK ops with DB

Avant, a regular issuer of marketplace loan securitizations in the US, has secured a warehouse line for its UK operations with Deutsche Bank and Ares Management, suggesting a debut European ABS deal could potentially follow.

  • By Owen Sanderson
  • 31 May 2016
The SPV vehicle, AvantCredit of UK Warehouse SPV I, features £20m of class A notes and £5.85m of class B notes, with a further £7.62m of variable funding notes. Deutsche Bank is facility agent, with the deal signed by three bankers in the structured credit group, while Ares ...

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3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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