In response to the recent troubles faced by mid-sized equipment leasing companies, Chicago-based underwriter William Blair & Co. is planning to help bring to market a series of deals that would contain proprietary structures designed to address some of the difficulties encountered by the sector.

William Blair is working on behalf of the smaller equipment leasing companies - those with originations ranging from $20 million to under $300 million - to complete transactions that would contain structural enhancements addressing: transfer-of-servicing issues, security issues (in terms of who owns the collateral), and custodial and payment issues associated with lock boxes (P.O. Boxes located inside a bank where checks and accompanying documents are received), said Warren Kornfeld, director of asset-backed securities at the firm.

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