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Top banks launch $1.2 billion deal for iconic Seagram Building
February 13 -
The $500 million in similarly structured deals pool insurance-premium finance loans.
February 12 -
The rating agency covers its bases in preparation for a surge in data center debt
February 12 -
Aside from the assets' credit quality, the bank's 60 years of experience originating and servicing auto loans is a boost to the notes' credit.
February 11 -
Borrowers in GCAR 2025-1's underlying collateral pool have a slightly lower FICO score than the GCAR 2024-4 deal, and they bought more new cars.
February 10 -
Among the deal's main credit strengths is that the real estate assets are protected by robust physical security, and 83.5% of the tenants have investment-grade credit ratings.
February 10 -
For conservative and risk-averse insurers, the vehicles are a relatively cheap and safe way to take part in the private credit boom that's financing mostly unlisted and leveraged companies.
February 7 -
The deal will sell two series of notes from a new master trust, secured by revenues from three data centers in Phoenix and Toronto.
February 7 -
All the class A notes benefit from total initial hard credit enhancement totaling 21.0% of the pool balance. Classes B, C and D benefit from 17.0%, 11.5% and 6.5%, respectively.
February 6 -
RG&E, series 2025-A, is the second utility cost recovery securitization this week, and is another first-time issuer.
February 6