Esoteric

FAT Brands warned in late November that it could be forced to file bankruptcy after creditors demanded full repayment on its roughly $1.2 billion of whole-business securitization debt.

As climate-fueled urban fires become a more regular occurrence, insurers and utilities are increasingly looking for ways to offload their risk to capital markets.

Levkowitz is known in the capital markets for founding Signal Hill Holdings, and as managing partner of Penn Properties, a real estate investment firm.

Spread premiums on esoteric ABS attract new types of investors, including those managing insurers' assets.

Jamaica's cat bond success could spur issuer and investor interest in the product, putting Beryl's failure to trigger any compensation in the past.

AMDR 2025-1 is the inaugural securitization for Americor, an Irvine, Calif.-based which offers debt resolution services, personal loans, debt resolution loans, mortgages and home equity lines of credit.

Karsten Giesecke and Michael Karol join Morriello to represent clients such as lenders and private equity funds in transactions including RMBS, CMBS, franchise loans and esoteric assets.

The deal involves a two-year revolving period, and during that time principal proceeds can be reinvested into newly originated collateral.

The structure includes cash trap and sweep conditions, plus subordination that helps ensure cashflow to the notes.

There's just one catch. Investors are embracing the securitizations backed by crops, and other farm assets, faster than farmers.