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The deal features a principal acceleration trigger. If breached, the transaction will divert all additional funds to paying down the principal on the notes.
50m ago -
The transaction comes to market with initial hard credit enhancement levels of 33.60%, 22.90%, 13.50% and 8.65% across the subordinate tranches, higher than the previous deal.
5h ago -
The 30-year fixed spiked earlier in the week, but fell as Middle East news helped to drive the 10-year Treasury yield lower by 9 basis points by Wednesday.
10h ago -
The percentage of investors who view the market as better than it was a year ago fell to 36% from 45% in the winter, according to a spring survey.
May 6 -
The A1 VFN tranche is a variable funding note whose proceeds can be used for general corporate purposes, including acquisitions.
May 6 -
The company turned a GAAP profit of $170.4 million for the quarter, with its volume and margins relatively flat compared with the fourth quarter of 2025.
May 6
Published December 28, 2014, 8:56 p.m. EST
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