ABS

Napier Park Global Capital, the hedge fund spun out of Citigroup, has found a new way to raise money to invest in railcars.

The long-time slump in oil prices is negatively affecting a narrow band of CLOs and asset-backed securities invested in energy industry assets. But the lower fuel costs are bringing improved consumer payment performance on mortgages and car loans, according to Moody’s.

The Revitalization Corp. of the Puerto Rico Electric Power Authority submitted proposed securitization charge-setting mechanisms to the Puerto Rico Energy Commission.

Ascentium Capital LLC is issuing a new equipment receivables trust that “relevers” the overcollaterization and interest assets of a previous securitization it has sufficiently paid down, according to sources.

LeasePlan Corp. N.V. is preparing its seventh securitization of European commercial vehicle leases, this time through €549.1 million in new notes through its German subsidiary.

Sonic Industries is returning to the securitization market with seven-year bonds backed by current and future franchise fees, restaurant royalties and other intellectual property.

A strong finish to March allowed the U.S. leveraged loan market to have its best quarter in nearly four years, according to Markit.

Fraikin Groupe is refinancing a truck lease securitization, according to Standard & Poor’s.

Winston & Strawn said this week that veteran financial services attorney Keith Andruschak has joined the firm’s corporate practice as a partner in New York.

Northpoint Commercial Finance is marketing $275 million of notes backed by dealer inventory financing for marine and recreational vehicles and manufactured housing, according to rating agency reports

Provisional ratings were provided Friday to a pair of asset-backed securitizations to Apollo Aviation Group and work-vehicle fleet leasing firm Element Financial Corp.

Avis Rent a Car is seeking to issue up to $300 million in securitized notes, in one of its smallest securitizations of its rental car leasing contracts in years through the Avis Budget Rental Car Funding (AESOP) master trust.

Ford Motor Credit is returning with a second securitization of dealer inventory financing in two months

Wyndham Worldwide is first out the gate this year with a securitization of timeshare loans.

BlackRock Financial Management Inc. says it has identified 85% of the targeted portfolio for Magnetite XVII, which at this point is a highly diverse mix mostly first-lien secured loans (97.6% of the assets) from 160 obligors.

The $470 million Oaktree EIF 1 Series A will issue five tranches of floating-rate and fixed-rate notes with preliminary ratings from Moody’s Investors Service and Standard & Poor’s.

XL Insurance (Bermuda) has completed a $300 million catastrophe bond, according to GS Securities, the deal’s sole structuring agent and bookrunner.