ABS

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.

The Securities and Exchange Commissioner took to the podium in the convention center of the Aria Resort & Casino to express to attendees his admiration for the economic benefits of securitization – and his disagreement with the risk-retention regulatory regime that has enveloped it.

Florida lawmakers could soon approve legislation designed to lower borrowing costs by authorizing certain municipal water and sewer providers to issue bonds backed by special customer charges.

Esoteric asset classes such as aircraft leases and whole business securitization are starting to attract more attention from traditional investors in high yield corporate bonds.

Pillsbury Winthrop Shaw Pittman has hired aviation finance expert Jonathan Goldstein as a partner to lead its high-end transportation and structured financing practice in its New York office.

OnDeck Capital in New York reported a $5.1 million loss in the fourth quarter as revenue failed to keep pace with rising expenses.

John Deere is marketing $775 million of bonds backed by equipment leases.

The Long Island Power Authority (LIPA) plans to issue $381.73 million of tax-exempt bonds backed by restructuring charges imposed on its retail electricity customers, according to Moody’s Investors Service.

The Puerto Rico House of Representatives narrowly passed an energy sector reform bill, in another step toward adoption of a negotiated debt restructuring deal for the island's electric utility.

The burgeoning industry has been hoping the Supreme Court will overturn a problematic lower-court ruling, but the unexpected passing of a conservative stalwart makes that outcome less likely.

NewStar Financial is releasing its first CLO since September 2015 with a $350 million portfolio of loans it has originated for small to medium-sized companies.

Markit has acquired systems integration software from JPMorgan that will allow the information services company to offer its global syndicated loan clients more automated trade processing services.

SolarCity is testing the market for securities backed by solar panel leases for the first time since three states introduced legislation that raises questions about the cost savings associated with these assets.

IPFS Corp. is preparing a $300 million securitization of loans used to finance insurance premiums, according to Moody’s Investors Service.

Two equipment-lease securitizations were launched Thursday: a $850 million deal from CNH Industrial and a $454 million deal from GreatAmerica Financial Services Corp.

Ford Motor Credit is offering another $833 million of notes backed by dealership inventory financing from its master trust.