Robert Villani has joined Thacher Proffitt & Wood as a partner in its structured finance group. In addition to his legal background, Villani most recently worked in the structured finance originations group at JPMorgan Securities. His focus will primarily be auto loan and lease ABS, trade receivables, CDOs and other non-mortgage assets.
Hayes Lemmerz International, Inc. recently obtained approval from senior secured term lenders to amend its credit agreement allowing the company to establish a securitization program totaling up to $100 million. Although the company expects to finalize the securitization program prior to year-end, there was no certainty as to if or when the program would be completed, or which underwriter was arranging the facility.