| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Banc of America Securities LLC | 6,015.00 | 1 | 20% | 11 |
| JP Morgan Securities Inc. | 5,670.00 | 2 | 19% | 8 |
| Citigroup Global Markets, Inc. | 3,700.00 | 3 | 12% | 5 |
| Morgan Stanley & Co. Incorporated | 3,068.42 | 4 | 10% | 3 |
| Credit Suisse Securities (USA) LLC | 2,842.64 | 5 | 9% | 4 |
| Industry | 23,446.06 | 34 | ||
| totals | ||||
| | ||||
Zayo Issuer, series 2026-1 and 2026-2, uses a master trust structure that will initially issue five tranches of classes A, B and C notes, and can issue additional classes if they meet certain conditions.
The deal will issue floating-rate notes, through the A-1B tranche, while underlying variable-rate loans are pegged to either CME Term SOFR or the 30-day average SOFR.
A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.
The sophomore outing follows a similar structure as the Clarus 2024-1, with six tranches of class A, B, C, D and E notes. The A2 tranche will issue the bulk of notes, $165.4 million.
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices Group say.
The underlying collateral pool is composed of 45,323 receivables, which have an average remaining loan balance of $30,210, and an average percentage rate (APR) 5.56%.
