Whole business securitization was back at the end of July as Wightlink, a U.K. ferry company that operates short routes from the South coast of England to the Isle of Wight, tapped the markets with a Barclays Capital-arranged GBP135 million ($218 million) deal.

Taking advantage of the competitive pricing and long maturities that securitization offers, Wightlink used the proceeds to refinance bank debt taken out when the management bought into the business in 1995, make payments to shareholders and invest in new ships.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.