Finance

Loan modifications and expenses have reduced available interest and net weighted average coupon (WAC) rates in the deal.

Unlike most aircraft securitizations, Gilead 2025-1 uses a mortgage amortization style, de-levering at a lower rate compared to a more typical straight-line payment style.

Bessent had repeatedly criticized then-Treasury Secretary Janet Yellen for boosting the share of bills in US debt.

Any loan that is more than 120 days delinquent becomes a stop-advance loan, a designation that prevents interest leakage to bondholders.

Private equity firms are buying stakes in sports teams more frequently, at the same time that more stadiums are being built or renovated.

While SoFi uses a third-party servicer for both of those product types, it services its entire consumer loan portfolio.

As an investment, cat bonds have drawn attention in recent years after far exceeding returns on other high-risk fixed-income markets.

Borrowers to test court restrictions as record liability management exercises volume continues

The 4th aviation ABS this year indicates a busy year ahead for the sector.

The enterprise failed to improve on its net income but did report a steady profit, and got closer to meeting minimum risk-based regulatory capital requirements.

Uncertain economic impact from government actions could drive disruptions

Top banks launch $1.2 billion deal for iconic Seagram Building

The $500 million in similarly structured deals pool insurance-premium finance loans.

The rating agency covers its bases in preparation for a surge in data center debt

Aside from the assets' credit quality, the bank's 60 years of experience originating and servicing auto loans is a boost to the notes' credit.

Borrowers in GCAR 2025-1's underlying collateral pool have a slightly lower FICO score than the GCAR 2024-4 deal, and they bought more new cars.

Among the deal's main credit strengths is that the real estate assets are protected by robust physical security, and 83.5% of the tenants have investment-grade credit ratings.

For conservative and risk-averse insurers, the vehicles are a relatively cheap and safe way to take part in the private credit boom that's financing mostly unlisted and leveraged companies.

The deal will sell two series of notes from a new master trust, secured by revenues from three data centers in Phoenix and Toronto.

All the class A notes benefit from total initial hard credit enhancement totaling 21.0% of the pool balance. Classes B, C and D benefit from 17.0%, 11.5% and 6.5%, respectively.