Technology
Technology
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Sabey 2025-2 will feature a $24.8 million liquidity reserve among other credit enhancement mechanisms, including cash trap and early amortization triggers.
March 27 -
The looming initial public offering from Swedish payments firm Klarna comes in the foreground of tariff uncertainties and inflationary pressures.
March 25 -
A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.
March 10 -
There is also a trigger embedded in the deal, attached to cumulative net losses that would set off a full turbo payment.
February 28 -
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the consumer protection agency.
February 20 -
The rating agency covers its bases in preparation for a surge in data center debt
February 12 -
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 -
Banks are expecting increased M&A activity across the financial sector, but are concerned about acquisition by credit unions and tech integration challenges.
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 -
Tenants also have a high average credit quality, with 75.9% of them having at least an investment grade rating, and lease assets underlying the class A notes have a loan-to-value (LTV) ratio limited to 70%.
February 4