Hayes Lemmerz International, Inc. recently obtained approval from senior secured term lenders to amend its credit agreement allowing the company to establish a securitization program totaling up to $100 million. Although the company expects to finalize the securitization program prior to year-end, there was no certainty as to if or when the program would be completed, or which underwriter was arranging the facility.
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The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23 -
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
April 23