ABS

As banks get pummeled by risk aversion and sinking asset values, direct lenders are lavishing risky companies and private-equity firms with capital at rates below what’s available in the high yield and syndicated loan market.

SESAC Finance, Series 2022-1, will add collateral related to collections from Audio Network, a production music company that SESAC bought in July 2021.

Given the significant amounts of energy needed for lighting and climate control, data centers involve more environmental risks than other property types.

The move by the club of rich nations on the concluding day of their three-day summit in the Bavarian Alps comes as part of a broader push to choke off the profits Russia makes from energy exports.

Macchia and Rowan’s hires continue Mitsubishi UFJ Financial Group’s strong expansion in debt capital markets, ABS and leveraged finance since January.

The securitization portfolio consists of originations exceeding risk-based portfolio concentration limits for Channel Partners Capital’s partner firms.

KopenTech’s KTX DirectBidding will likely compete with Octaura Holdings, an upcoming electronic trading platform for syndicated loans and CLOs.

Upstart does not maintain exposure to loans’ credit risk to the same extent as other ABS, making underperformance more likely to negatively influence confidence.

The mall’s value sank some 80% to just $147 million in an appraisal last year. Destiny was slammed by the usual suspects that have hurt malls broadly.

Observers did not raise alarms about SLABS’ immediate or near-term performance, but the notes’ underlying loans are expected to stay resilient.