Novation Settlement Solutions (formerly known as Novation Capital) plans to issue $40 million in securities backed by a portfolio of receivables related to settlements of legal claims, according to a DBRS press release.

The deal, NV Funding LLC Series 2014-A, is structured with $40 million of class A, fixed-rate notes that have been assigned a preliminary ratings of ‘A’.

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.