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Despite market volatility, market execs say, CLOs may see another year of record issuance
June 27 -
A revolving pool of Walmart-branded Mastercard accounts will support the deal, which presses ahead despite risks tied to U.S. tariff policy.
June 27 -
Although the collateral is described as non-prime, Moody's points to several strong credit characteristics, including an average non-zero FICO score of 697 and an eScore of 768.
June 26 -
The deal includes two triggers, one for debt service coverage ratio, and the other for loan-to-value ratio.
June 26 -
The deal also includes a cumulative default trigger that, if in effect, will revert the GDLP 2025-2 deal to a sequential payment priority.
June 25 -
One atypical feature, for an auto ABS deal, is that principal on the notes will be reduced in a reverse sequential order based on realized losses.
June 25 -
They are not municipal bonds, but they follow municipal bond repayment practices.
June 24 -
The deal includes a step-up rate to the coupon for the A1A, A1B, A2 and A3 notes beginning in July 2029, and the increased rate will be equal to the original class coupon rate, plus 1%.
June 23 -
The B, C and D tranches maintain minimum subordination percentages, 12.5%, 8.1% and 4.3%, respectively, allowing them to provide credit support for the class A notes.
June 20 -
The Wall Street giants that created thousands of Dublin jobs since Brexit are trying to balance the challenges created by their own government with the opportunities in a country that depends on U.S. multinationals for more than 10% of its jobs.
June 20