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SunStrong Issuer also includes a sequential amortization trigger. Should the cumulative default level exceed the applicable trigger level.
May 15 -
SLAM has debt service coverage ratio (DSCR) triggers and a utilization test in the structure to help maintain cashflow and support credit in the notes.
May 14 -
Guardian's contribution includes up to $400 million of seed capital that Janus Henderson will invest in securitized credit and active fixed-income product innovation.
May 13 -
Residential, business and carrier customers represented 37.2%, 32.8% and 30.0%, respectively, of revenue from the last 12 months.
May 9 -
Oxford requires that 91% of the supporting loans have interest payments on a floating rate index or a floating rate option, but new loans face requirements to mitigate the risks of yield shortfalls.
May 8 -
The goal is to address an existing "bottleneck" in financing for small and mid-sized enterprises (SMEs) in the defense industry.
May 6 -
The rating agency said 82 of the 114 loans, representing 76.4% of the portfolio's value, have final balloon payments.
May 1 -
At any point during the revolving period, the issuer might upsize the current notes to a $500 million limit.
April 30 -
The deal taps into insurers' growing demand for long-dated private credit investments. More than a dozen investors, are set to participate in the transaction.
April 29 -
Among its structural strengths, DEFT 2025-1 includes a non-declining reserve account representing 1.0% of the pool balance.
April 28 -
The capital structure includes amortization triggers based on cumulative net loss levels and material modified loan ratios.
April 23 -
The sponsor launches the deal after a period of increased originations in marine and recreational vehicle loans, will secure the notes.
April 23 -
The notes benefit from various levels of debt service coverage ratio (DSCR) triggers that help support repayment.
April 22 -
Jeffries is preparing to sponsor $143.2 million in securitized bonds backed by unsecured consumer loans underwritten largely through income verification.
April 21 -
The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.
April 16 -
Principal payments, will be repaid through three periods of a full turbo period, a non-turbo period and another full turbo period before an amortization trigger event.
April 15 -
When the deal closes, NALP Asset Backed Securities will deposit $32.1 million in the prefunding account to purchase additional loans.
April 10 -
Less than 1% of IPv4 addresses is available to brokers or IP address lessors globally, and Cogent already controls part of that supply.
April 4 -
For the first time in a decade, the metric also rose in the nine months to Dec. 31 across all segments — including equities, macro and spread products.
March 31 -
Figg will advise financial institutions, issuers, arrangers and underwriters on asset-backed securities (ABS) deals, collateralized loan obligations among other transactions.
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