First-time timeshare issuer Silverleaf Resorts made its way into the ABS primary market last week with a $108 million private deal via UBS Securities, and it will likely become a regular issuer in the sector, sources said. Joe Conner, chief operating officer at Silverleaf, said the company would likely be bringing its next ABS within 18 months, and that future deals would be of a similar size.

"We felt [the ABS market] was the market that would give us the best execution at this time," said Conner of why the company decided to test the waters of the ABS market. "It was a chance to lock in interest rates at a favorable pricing," he added.

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