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The company will use some of its fiber-optic network and associated customer contracts in the Dallas area to back a bond issue that will refinance some of the company's existing debt and finance a network expansion.

The Consumer Financial Protection Bureau celebrates its 12th anniversary on Friday, prompting Director Rohit Chopra to discuss the agency's work including a proposal to set credit card late fees at $8 and the upcoming Supreme Court case that could defund the bureau.

Just 309 prime-quality loans back the note issue.

The deal is Canadian Imperial Bank of Commerce's seventh series from the CARDS II master trust.

While credit unions are being cautious with this lending line, some see opportunities to grow their commercial books amid setbacks at big-name banks such as Wells Fargo.

The Securities and Exchange Commission said it is "not in a position to file" a brief giving its view on whether leveraged loans are securities, sidestepping a request to weigh in on a long-running lawsuit that may have major implications for the $1.4 trillion market for risky debt.

Even as UBS Group plans extensive job cuts for Credit Suisse's workforce, there's at least one place where it's growing: the business of buying leveraged loans and bundling them into bonds.

The notes are secured by the issuer's right to title and interest in over 9,000 outdoor advertising sites in a dozen markets.

Income from single-family rental properties, distributed across more than a dozen states and 34 areas, back the notes. The deal should close later this month.

The private equity giant will serve as the investment manager for Vertical Capital Income Fund, a fund that is moving away from investing in residential mortgages to focus on the riskiest tranches of collateralized loan obligations.