ABS

While the firm has not yet finalized how much it plans to raise via the collateralized fund obligation or CFO, the transaction could be around $1 billion.

Karsten Giesecke and Michael Karol join Morriello to represent clients such as lenders and private equity funds in transactions including RMBS, CMBS, franchise loans and esoteric assets.

Revenue from 1,449 restaurant locations in 26 states, secured notes from Cajun Global, which primarily, gets its cash flows from top-line royalty payments from the system's franchise locations.

DB Master Finance has a high leverage level, but a high corporate profile and amortization triggers mitigate risks stemming from that.

The 378 contracts were extended to 105 obligors at mid- to large-size companies, and they have strong credit profiles.

The structure includes cash trap and sweep conditions, plus subordination that helps ensure cashflow to the notes.

A big part of the outreach is to clearly distinguish Regulation AB asset-backed securities from Exchange Act ABS, especially as new issuers and investors enter the market.

Soal is joining as a managing director in charge of SRT origination, having been a director at BMO's risk & capital solutions desk.

Proceeds will cover storm restoration costs stemming from a series of severe storms, including hurricanes Helene in 2024, Ian and Zeta in 2020, and winter storm Izzy in 2022.

During sequential interest amortization, interest on TIP Solar's class B notes will be deferred until the interest and principal on the class A notes and class B's outstanding principal amount are all paid.

SRTs are expected to get a boost as policymakers look for ways to revive Europe's €1.2 trillion securitization market and increase financing for housing, energy and defense.

O'Donnell, a partner, will work in its New York office and Menon is a director in London.

The group is negotiating a reworking of the debt, which FAT Brands has struggled to service despite relatively steady performance at its chains.

Bespoke securitizations have been gaining in popularity as private fund managers look for ways to raise cash amid a slump in dealmaking and fundraising.

Notes are anticipated to repay in October 2032, with a final maturity date of December 2055.

Loans for hotels and motels, except those that have casinos, account for 19.43% of the pool balance, the largest portion.

In Zayo Issuer's payment structure, senior fees are paid first and then interest is paid monthly on all remaining outstanding classes of notes.

The Reliance offering drew a robust response, as it gave investors a chance to own top-rated asset-backed securities in a market still dominated by non-bank financial firms.

The deal must own at least eight assets, otherwise it will begin to use any excess cash to fully pay down the notes.

HYPER 2025-1 is DataBank Holdings' first hyperscale data center securitization, secured by the data centers in Virginia, Georgia, and New York.