The $4 trillion-asset bank posted its highest-ever annual profit but also said its CEO succession plan is still in the works.
Island is a first-time issuer and largely originates and services the loans through its network of 48 branches.
Notes will be repaid through a sequential pay structure that will require principal to be repaid in full to the class A1 ...
Crestline Investors, a Fort Worth, Texas-based alternative investment manager, recently sold a $1 billion, collateralized ...
The prime pool can be upsized to $1.7 billion, and the base pool amount has a lower securitization discount rate of 9.60%, ...
The inaugural deal is expected to close by the end of the month. Among its structural features are cash trap and cash sweep provisions.
Classes A through E, do not allow for payment-in-kind, which allows borrowers to use assets other than cash—such as equity or ...
The current deal adds a class E tranche, which provides subordination to the pool, unlike previous Oportun transactions ...
Structurally, the GSAR 2025-1 transaction has 22.5% in subordination for the class A notes, down from 22.8% seen on the GSAR ...
Consumer Financial Protection Bureau's decision removes about $49 billion in medical bills from consideration for about 15 ...
The auto ABS deal can be upsized to $1.5 billion, and most of the notes benefit from credit enhancement equaling 6.10% on ...
The senior certificates get credit protection from a specified lockout period, when the subordinate classes will receive no ...