Glen Fest

The bank priced $1 billion in new fixed-rate Class A notes from its Chase Issuance Trust platform.

The Ford Credit Auto Owner Trust 2020-REV1 transaction is Ford’s 12th under its platform that permits revolving assets during the pre-amortization period of the transaction.

According to presale reports on Flagship’s $355 million auto-loan securitization, the subprime auto lender is removing the 2% collateral pool limit on loans over six years (72 months) that can be added during a three-month prefunding period for Flagship Auto Credit Trust 2020-1.

The lease deal – Santander’s sixth ABS of Chrysler Capital leases since 2017 – has a higher proportion of leases with original terms longer than 36 months (44.5%) than prior deals through the platform.

Fitch Ratings has moved three of its managing directors into new roles leading the U.S. RMBS and structured credit teams, including a new global role in developing enhanced analytics across multiple asset classes.

The 38.5% concentration of 'A' borrowers is the highest of any prior 11 LendingClub securitizations, according to Moody's.

The 34 narrowbody and widebody aircraft in the portfolio are older-vintage planes with a weighted average age of 13.8 years, but all but one of the planes remains an in-production model.

Sunnova Energy Corp. is marketing $313.5 million in bonds secured by receivables of a pool of residential solar-panel leases and power-purchase agreements issued in 20 states and three U.S. territories.

The data management and analytics firm has tapped Craig Phillips, a former top aide to U.S. Treasury Secretary Steven Mnuchin, as a senior adviser for the five-year-old firm’s business and product development activities in the mortgage loan space.

Toyota Motor Credit Co. is sponsoring a $1.25 billion loan-backed transaction (potentially upsized to $1.75 billion), while regional Toyota captive finance lender World Omni Finance Corp. is sponsoring an auto-lease deal at either $766.5 million or $962.9 million.

Sallie's first student-loan securitization of the year comes a week after SLM Corp. announced plans to sell more loans from its portfolio to fund a share buyback program.

Fitch says Carlyle's next $408.9 million aircraft lease ABS has more than 60% of the asset value tied to airlines with credit profiles equivalent to lower junk-rated corporates.

Clarion Partners will tap the CMBS market to help finance a multiyear renovation of older Courtyard by Marriott-branded hotel properties it co-owns through a joint venture.

Eagle Re 2020-1 is backed by the performance of a reference pool of 156,065 loans with an outstanding balance of $40 billion.

The loan participation is part of a debt refinancing package that paves the way for expanding the Parkmerced mega-development.

FAT Brands is proposing a whole-business securitization to ABS investors that will help its reduce its net leverage and boost its debt-service coverage ratio.

The Justice Department had issued subpoenas in 2014 and 2015 to GLS and other subprime lenders regarding underwriting criteria for lending as well as representations and warranties for loans being securitized, according to Kroll.

Nearly $1.2 trillion in speculative-grade debt is now set to mature between 2020-2024, including $750 billion in leveraged loans.

Treasure Island Hotel & Casino is the latest Las Vegas casino tapping the commercial-mortgage securitization market as it winds up a multi-year, exhaustive renovation program.

Natixis will be marketing bonds as well loan-specific certificates tied to a $160 million first-mortgage taken secured by an Amazon headquarters building in Seattle, and a $92.5 million loan backed by a newly built addition to NYC's sprawling Memorial Sloan-Kettering Cancer Center campus.