Esoteric

Conventional trucks with sleeper compartments make up the largest exposure to the collateral, with a 24.3% slice of the pool, and virtually all of the 3,549 underlying contracts are backed by personal guarantees.

The wireless infrastructure industry has positive fundamentals, with all major U.S. carriers making further network infrastructure investments to boost coverage and capacity to meet growth in wireless data traffic.

Incremental to a $1.8 billion global revolving credit facility completed in May, it could boost the company's lender-driven debt capital capacity to $9.7 billion in total.

Data4's steps to raise funding comes after Britain's Vantage Data Centers last month completed the first-ever asset-backed securitization deal for data centers in Europe.

This is Stream Innovations Inc.'s inaugural 144a securitization, which has ratings of A-, BBB- and BB- to the A, B and C notes, partially based on respective credit enhancement levels of 20.50%, 14.45% and 8.50% respectively.

Data center and fiber investments are growing for a host of reasons, including employees working from home more since the pandemic.

Slated to close on June 28 with a Dec. 15, 2053 legal final maturity, the notes get credit enhancement from overcollateralization, a liquidity reserve account and excess cash flow.

In early June, Carlyle priced a more than $400 million deal — the investment firm's first debt sale from its historically active aviation platform since June 2022. Carlyle's return bodes well for aviation companies.

Some buyers in the JPMorgan deal — and in multiple other SRT trades — borrowed money from other banks to help finance their stakes and inflate returns, people familiar with the matter say.

Aira has secured €200 million ($217 million) in commitments from the European Union's biggest bank. The money will go toward installing heat pumps in thousands of homes across Germany.