ABS

Increasingly, these transactions are being structured to give lessors more flexibility in terms of both the types of collateral and the ability to actively trade aircraft. As a result, transactions more accurately reflect lesssors’ fleets

Marketplace lender Kabbage is marketing $500 million of bonds backed by small business loans and lines of credit. The transaction, dubbed Kabbage Asset Securitization 2017-1, refinances a $270 million facility it obtained in 2014 that is set to expire.

Kroll Bond Rating Agency is maintaining its downgrade watch on portions of Diamond Resorts’ recent timeshare loan securitizations, expressing worries about future default levels.

For the third consecutive year, the captive finance credit unit of farm equipment manufacturer/dealer John Deere is choosing February to launch an asset-backed securitization of agricultural and construction equipment retail loans it originates and services.

Bond Street in New York has gotten a commitment from the investment bank Jefferies to purchase up to $300 million of its small-business loans.

Volvo is preparing its seventh annual securitization of leases on trucks and other commercial equipment, according to Fitch Ratings.

Stonebriar Commercial Finance is sponsoring a four-note, asset-backed transaction that is supported by receivables from contracts it services with an aggregate outstanding balance of nearly $340 million.

Renovate America, one of the largest providers of Property Assessed Clean Energy Loans, is expanding into unsecured lending.

Prop 2017-1, as it is simply designated, is a $411 million ABS comprised of three classes of loans that will finance 63 aircraft that Elix Aviation has on lease to 17 airlines. Elix, majority owned by Oaktree Capital Management, focuses exclusively on the regional turboprop aircraft market.

Alcentra is the third manager in January to seek out a refinancing for one of its European collateralized loan obligation deals, according to a presale report from Standard & Poor’s.

As costs continue to fall, homeowners are increasingly opting to purchase solar photovoltaic systems, rather than allowing a developer to pay for installation and entering into a long-term power purchasing agreement.

A Dubai-based aircraft fleet owner is issuing its first rated securitization of loans to purchase a new series of older passenger jets that it will lease to 13 airlines globally.

General Motors is tapping the securitization market to help it provide inventory finance for automotive dealerships.

Enterprise Rent a Car is tapping the securitization market for $750.2 million to finance fleets of cars and trucks that it rents to companies.

Portfolio managers are feeling a slight breeze of optimism for the first time in over three years about credit conditions for corporate borrowers, according to the latest survey from the International Association of Credit Portfolio Managers.

Aetna Life is marketing its annual offering of catastrophe bonds offloading risk of medical claims.

American Airlines is upsizing the carrier’s first enhanced equipment trust certificate issuance of 2017 to $983.2 million, covering the financing of 24 new aircraft joining American’s fleet over the next five months.

The Loan Syndications and Trading Association will appeal a Dec. 22 federal district court ruling that shot down the trade group’s 2016 lawsuit against U.S. financial regulators challenging new risk-retention standards for collateralized loan obligations.