Hertz is issuing the deal following a performance turnaround that includes better returns on the resale value of older cars disposed from its fleet
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The selloff in the CLO market in the fourth quarter of last year may have caused Eagle Point Credit Co. some short-term pain, but the closed-end investment firm expects to profit from it in the long term.
February 21
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The partnership with Hallows HalseyPoint to step up the pace of recruitment of analysts and traders and open a warehouse line for loan accumulation by the end of May.
February 21
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Personal loan balances hit an all-time high in 2018, while fintech lenders widened their market share lead over banks and credit unions, according to new data from TransUnion.
February 21
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Some 35% of vehicles backing Driver UK Master Compartment 5 have diesel engines; presale reports do not indicate the percentage that meet more stringent EU emission standards.
February 21
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The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.
February 21
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Industrial Logistics Properties Trust obtained a $650 million, 10-year fixed-rate mortgage on the portfolio from four banks; a $390 portion is being securitized in a single-borrower deal.
February 21
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The $291 million Arroyo Mortgage Trust 2019-1 is significantly smaller then the sponsor's inaugural deal, which weighed in at $1.25 billion and was completed in April 2018.
February 20
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OHA Credit Funding 2 offers nine classes of fixed- and floating-rate notes backed by corporate senior loans, including a rare tranche of single-B rated notes.
February 20
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Amid widespread concern about their exposure to leveraged lending, the debt rating agency says banks have sufficient earnings and capital cushions to continue investing in the sector.
February 20
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New Residential priced its second stock offering in four months, looking for gross proceeds of nearly $665 million.
February 20
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SmartStop Asset Management is tapping the securitization market to help finance the $350 merger of two real estate investment trusts that it manages, cashing out $56 million of equity in the process.
February 20 -
While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening.
February 19
