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The securitization has a reserve account of 1% of the initial series note balance funded fully at closing.
July 7
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Mizuho Securities’ head structurer of collateralized loan obligations has joined New York-based private equity firm Blue Owl Capital as it makes a push into the broadly syndicated CLO industry.
July 7 -
Issuance volume of asset-backed securities for the year through July 7, 2022
July 7 -
A bank club led by Morgan Stanley has posted the steepest discount on a leveraged loan so far this year as Wall Street institutions struggle to lock down buyers for risky debt amid mounting recession fears.
July 7
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Underwriting league tables of asset-backed securities through July 07, 2022
July 7 -
The transaction sponsored by Hospitality Investors Trust has a strong credit profile because of the diverse properties, well-known hotel brands and strong management involved, analysts say.
July 6
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The Class A note coupon initially will be linked to the USD Compounded Secured Overnight Financing Rate Index, a relatively new interest rate index. Royal Bank of Canada is the seller, servicer and administrative agent.
July 6
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Average purchase-loan amounts shrank for the second week in a row and are currently 12% below their record size in March.
July 6
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Amid reduced M&A activity, U.S. middle-market borrowers and investors in asset-backed securities are trying to reset and figure out where the right valuations levels are, says Sengal Selassie, CEO of Brightwood Capital Advisors, a lender and issuer of CLOs.
July 6
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But second home sales — which were below pre-pandemic levels for the first time in 24 months during May — may slow in the future as those in vulnerable areas get tougher to insure.
July 5
