Finance

N.M. Rothschild and Sons’ Five Arrows Managers LLP has extended the closing date to April 26 for the €307M Contego III trust deal out of The Netherlands.

Bank of Montreal is tapping the U.S. securitization market with a credit card deal for the first time this year, according to Moody’s Investors Service.

As more employers offer student loan repayment assistance to their workers, lenders that specialize in refinancing debt — like Citizens Financial and SoFi — see an opportunity to reel in more customers

Credit market turmoil continued to take a toll on commercial property prices in February, when Moody's/RCA Commercial Property Price Indices national all-property composite index declined for a second consecutive month.

Defaults on commercial mortgage-backed securities declined for the fifth straight year in 2015, according to Fitch Ratings.

Citigroup and Goldman Sachs are marketing commercial mortgage bonds with unusually heavy exposure to hotels, considered to be one of the riskier property types.

LeasePlan Corp. N.V. is preparing its seventh securitization of European commercial vehicle leases, this time through €549.1 million in new notes through its German subsidiary.

Jeremy Ghose, a veteran London-based CLO manager, is unsure the launch of five new Euro-denominated collateralized loan obligations in March is a sign the market is staged for a surge in 2016 – even though one of the new issues was by his own firm.

Student loan servicer Navient is marketing another $497 million of securities backed by federally guaranteed student loans, according to rating agency reports.

Sonic Industries is returning to the securitization market with seven-year bonds backed by current and future franchise fees, restaurant royalties and other intellectual property.

A strong finish to March allowed the U.S. leveraged loan market to have its best quarter in nearly four years, according to Markit.

Fraikin Groupe is refinancing a truck lease securitization, according to Standard & Poor’s.

With the pricing of five new deals since mid-March, the European collateralized loan obligation market has broken out from a slow start in 2016 to put itself on pace to match, or exceed, 2015 new-issue volume levels.

Ginnie Mae is mulling whether to guarantee a new type of securitized-loan pool.

DriveTime Automotive Group is marketing its second subprime auto loan securitization of the year, according to rating agency reports.

Hyundai Motor is marketing its first offering of the year of bonds backed by dealer inventory financing, according to rating agency reports

The Los Angeles-based manager, a unit of Canyon Capital Advisors, is issuing its first CLO in nearly a year through Canyon CLO 2016-1. The transaction is a follow-up to the $400 million Canyon Capital CLO 2015-1 issuance in April 2015.

AmeriCredit Financial Services, a unit of GM Financial, is marketing its second subprime auto loan securitization of the year, according to Moody’s Investors Service.

Winston & Strawn said this week that veteran financial services attorney Keith Andruschak has joined the firm’s corporate practice as a partner in New York.