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Fitch Ratings said Tesla Finance enters the residential solar finance ABS arena with underlying loans that have the highest WA FICO score presented to it for a rating.
November 12
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Acquisition-financing securitization takes hold while AI and escalating data centers drive energy deals.
November 5
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TGI Friday's said in court papers it lost "a significant portion of its revenue stream" because it no longer will receive the benefit of restaurant royalty payments.
November 4 -
Blue Own Asset Leasing's notes benefit from a reserve account representing 1% of the pool balance, overcollateralization, and a senior-subordinate repayment structure.
October 31
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The heavy issuance partly stems from banks offloading loans from their books ahead of new capital rules.
October 30 -
Local Law 79 affects roughly 15,000 commercial real estate buildings in New York City, a market ripe for securitization.
October 29
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The notes receive credit enhancement from overcollateralization, and an initial reserve.
October 29
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An independent valuation said that the total catalog is worth about $2.36 billion, based on projected cash flow from the assets. More than 70% of the songs were released more than 10 years ago.
October 25 -
The $120 million deal is larger than the inaugural transaction from 2023, and includes expandable notes, plus a 36-month revolving period.
October 21
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Further, the assets have a loan-to-value ratio of about 52%, with a cashflow that can withstand large haircuts.
October 15
