ABS

There's an unusual contributing factor: wild swings in markets mean borrowing windows often shut before firms can begin to sell their bonds.

The deal's collateral manager, GC Advisors, will retain the subordinate $122.8 million tranche, leaving $264 million to be sold to bond investors.

Surging costs and softening demand for foie gras, smoked salmon and other festive food will burn up cash at Labeyrie Fine Foods SAS this year.

GM Financial and Santander Consumer USA together once made up more than 80% of subprime issuance in 2011, and now they account for just 34% of YTD issuance.

The biggest lenders are bagging bigger chunks of the $1.4 trillion market for private credit as investors get choosier about where they park their money.

When broken down by revenue, natural gas accounts for 80% of the assets' revenue mix; natural gas liquid accounts for 16% and oil revenue represents 4%.

More debt financing was canceled or postponed globally in 2022 than even during the tumultuous pandemic period.

The $755.5 million mortgage-backed securities deal will fund a range of properties, but large-balance loans represent 42% of the collateral pool's balance.

Proceeds from the sale of the bonds will be used to replenish and fund Entergy New Orleans' storm recovery reserves that had been depleted after Hurricane's Zeta and Ida.

As the US economy veered toward the biggest inflation shock in four decades, investors flocked to the one corner of Wall Street that seemed a sure-fire refuge.

Loans with FICO scores less than 680 make up a smaller percentage of the pool, at 13.0%, compared with 18.2% for the Mosaic 2022-2.

US producer prices rose in November by more than forecast, driven by services and underscoring the stickiness of inflationary pressures that supports Federal Reserve interest-rate increases into 2023.

Regulators look set to reserve their harshest interventions for firms caught making misleading statements about climate strategies, according to JPMorgan Chase.

Early amortization triggers and the use of cross-currency swaps will support the timely repayment of notes on the hybrid private and rule 144a deal.

More recent OMFIT securitizations have experienced increasing 30+ delinquencies as well as annualized net loss rates.

The pact binds them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings in recent years.

The notes also face a credit challenge because there is no mandatory repurchase of modified loans.

Proceeds from the sale of the bonds will be used to replenish and fund Entergy New Orleans' storm recovery reserves that had been depleted after Hurricane's Zeta and Ida.

Investors brace for more FTX-like blowouts in the private equity industry and expect a good year for investment grade credit, survey shows.

The deal also differs from other bank-sponsored, CLN transactions in that the rating agency will not limit the ratings to SBNA's long-term counterparty risk rating.