Securitization - US Archive

  • FAT Brands prices whole biz ABS to fund acquisitions

    FAT Brands prices whole biz ABS to fund acquisitions

    Restaurant franchise operator FAT Brands priced a private $144m whole business securitization, its latest move to secure additional capital for its acquisition growth strategy. The transaction closed a day early due to oversubscription, according to sources familiar with the matter.

  • Affirm makes quick comeback to ABS with non-revolver

    Affirm makes quick comeback to ABS with non-revolver

    Affirm has returned with the second securitization of 2021, establishing itself as a prolific repeat issuer in less than a year since its debut. A growing number of market players are paying closer attention to Affirm for its speedy execution and are anticipating that more buy-now pay-later lenders will emerge in the ABS market.

  • BHG preps second healthcare loan ABS

    BHG preps second healthcare loan ABS

    Bankers Healthcare Group (BHG) is returning with its second securitization backed by loans made to high-earning medical professionals. The healthcare consumer lender is expected to see its newest deal well subscribed, considering its popularity last year and its relatively high yield ranging from 2% to 5%.

  • Biden infrastructure plan boosts equipment ABS outlook

    Biden infrastructure plan boosts equipment ABS outlook

    The $2tr infrastructure plan proposed by president Joe Biden is now under review in Congress, where it is expected to go through a process that will reduce its scope and size. The comprehensive terms of the bill include plans to create millions of jobs in agriculture and construction, which will serve as a boon to the equipment ABS sector.

  • Diamond prices timeshare ABS as domestic travel prospects improve

    Diamond prices timeshare ABS as domestic travel prospects improve

    Diamond Resorts returned to the securitization market after a two year hiatus, pricing at one of the tightest spreads the issuer has seen to date all across the capital stack. Sources say they attribute the tight spreads to improving prospects for domestic travel, as consumers are looking to scratch their pent up urge for leisure travel by visiting nearby hotels rather than go abroad.

  • DBRS Morningstar launches esoteric finance team

    DBRS Morningstar launches esoteric finance team

    DBRS Morningstar launched a group dedicated to esoteric finance in an effort to expand its rating operations into other asset classes, ranging from future flow structured finance to esoteric or innovative RMBS. The news comes at a time when appetite for esoteric asset classes is growing rapidly and market participants are seeking a way forward beyond existing esoterics that lack yield.

  • Bellwether adds mortgage expert from CBRE

    Bellwether adds mortgage expert from CBRE

    Bellwether Asset Management hired Cara Leonard-Munn as senior vice president of the debt asset management division, which oversees a wide range of real estate debt investments including private loans and public securities.

  • Marketplace lenders break into auto lending

    Marketplace lenders break into auto lending

    Marketplace lenders are breaking into the auto loan industry, continuing to move far beyond the unsecured consumer loan products they began with. The move is driven by fintechs leveraging their technologies and client bases developed through their consumer loan products to open up new channels of income, sources say.

  • Domino’s serves up whole biz ABS

    Domino’s serves up whole biz ABS

    Domino’s Pizza is preparing a new ABS transaction which will fund a shareholder dividend, as well as refinancing a portion of its outstanding securitization debt. With US consumer spending quickly recovering, most whole business ABS paper has become very expensive, making it less of an attractive option for investors looking for high returns, sources say.

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