Kabbage, an online provider of working capital for small businesses has closed a revolving, three-year, $270 million securitization of merchant cash advances receivables; Guggenheim, the sole structurer and placement agent, says it is a first.
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Top executives from card issuers Capital One Financial and Discover Financial Services say they're seeing a rebound in consumers' appetite for plastic.
June 11 -
Bank of America Merrill Lynch and Deutsche Bank Securities are readying $440 million of commercial mortgages bonds backed by a loan that is secured by Independence Plaza in New York City, according to Morningstar.
June 11 -
European Central Bank board member Yves Mersch said in a speech today at the IMN Global ABS conference that regulators must work in tandem in order to break down the regulatory and market barriers that are preventing the revitalization of European ABS markets.
June 11 - Europe
He replaces Jim Ahern who is moving to Moodys Investors Service as head of structured finance in the Americas.
June 11
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There’s more than one Florida state agency looking to tap into growing demand from capital markets investors for insurance-linked securities.
June 10 -
Toyota and Ally Bank both upsized their latest auto loan securitizations, selling a total of $2.4 billion of 'AAA' rated securities, according to a person familiar with the deals.
June 10 -
CIFC Asset Management and Alcentra NYC are marketingcollateralized loan obligations totaling over $1.1 billion this week.
June 10 -
General Electric today launched $217 million of triple-A, one-year notes at a spread of 25 basis points over interpolated swaps curve, 4 basis points wider than CNH Equipment Trust 2014-B.
June 10 -
Despite headwinds, prospects remain strong for more securitization in the single family rental space, says Wall Street Emprises CEO Alex Kangelaris.
June 10 -
The expansion of the governments Pay-As-You-Earn (PAYE) program for student loan borrowers will not make much of an impact on the performance of loans backing securitizations, according to a comment by Fitch Ratings.
June 10 -
Tidewater Finance Co. is readying $145.6 million of notes backed by subprime auto loan receivables, according to a presale report published today by Standard & Poors.
June 10
