Industry professionals generally agree that geopolitical risks could impact credit quality, but their true impact remains unclear.
Raising $508.6 million, and being the first to cross the half-trillion dollar mark, the Point 2026-2 series also drove down funding costs by more than 220 basis points.
The central bank failed to prevent critical economic information from falling into the hands of "foreign adversaries," according to a report from its inspector general.
The private asset-backed finance capital from Oaktree is complimentary to Temple View's public ABS program.
The super senior and senior support tranches notes will repay investors on a pro rata basis, while the A2 through B3 notes repay investors sequentially.
The deal will repay principal on a monthly basis, with senior expenses and fees first, unpaid interest payments on the class A and class B notes, then amounts to satisfy the coverage tests or to fund a principal reserve, if any.
