Esoteric

When it closed in February 2024, Toorak 2024-RRTL1 became the first rated RTL completed. Managers increased the capital raise to $240 million, from the initial $192 million.

SunStrong Issuer also includes a sequential amortization trigger. Should the cumulative default level exceed the applicable trigger level.

The dental and medical spa industries accounted for 60.1% and 26.0% of the deal's balance.

The transaction will issue about 10 classes of notes, composed of one term bond and nine serial bonds.

The deal taps into insurers' growing demand for long-dated private credit investments. More than a dozen investors, are set to participate in the transaction.

The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.

Less than 1% of IPv4 addresses is available to brokers or IP address lessors globally, and Cogent already controls part of that supply.

First aggressive LMEs in Europe rankle lenders, who have pursued court rulings on their permissibility.

The bonds are tied to rights to collect mortgage payments, known as mortgage servicing rights, and it's only the second such deal that's non-recourse.