Securitization

Pawnee Leasing, Chesswood Close First U.S. Securitization

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a new $75 million non-recourse asset backed facility with Capital One through its Pawnee Receivable Fund I LLC. read more

KBRA Assigns Preliminary Ratings to Ascentium Equipment Receivables

Kroll Bond Rating Agency assigned preliminary ratings to six note classes of Ascentium Equipment Receivables 2017-1 Trust. It is Ascentium’s eighth securitization supported by small and mid-ticket general equipment. read more

Phoenix American Financial Hires SVP, Fund Accounting

Phoenix American Financial hired Justin Deitrick as senior vice president, Fund Accounting. PAF provides administration and accounting services for asset backed securitizations, specializing in the commercial aircraft and engine leasing industry. read more

UNIFIN Closes Largest Mexican Leasing Portfolio ABS

Mexico-based UNIFIN Leasing announced its 17th and 18th leasing securitization within a single trust, using a communicating vessel structure for $198 million. read more

Vedder Price Advises SKY Leasing in ABS Transaction

Vedder Price represented SKY Leasing in connection with the structuring of a sale of a portfolio of up to 21 aircraft to S-JETS 2017-1 and the issuance of $780.8 million of notes by S-JETS in an ABS transaction. read more

Westlake Financial Completes Largest Ever ABS at $800MM

Westlake Financial Services issued an $800 million asset-backed securitization (WLAKE 2017-2) backed by approximately $860 million of automotive loans. read more

KBRA Classifies ECN Capital’s Rail Divestitures as Credit Neutral

Kroll Bond Rating Agency commented on ECN Capital’s announcement of definitive agreements to sell $1.49 billion, or approximately 65%, of its railcar assets to affiliates of ITE Management and Napier Park Global Capital. read more

Report: Element Fleet Management Doubles Size of ABS

According to a Nasdaq report, citing data from the International Financing Review, Element Fleet Management’s most recent ABS issue reached $1 billion, which effectively doubled its size. read more

Moody’s Upgrades Dell Equipment Backed ABS From 2015 and 2016

Moody's Investors Service upgraded four and affirmed eight securities from Dell Equipment Finance Trust transactions issued in 2015 and 2016. read more

Moody’s Upgrades LEAF Receivables Funding Equipment Backed ABS

Moody's Investors Service has upgraded six securities and affirmed nine securities from the LEAF Receivables Funding LLC, Series 2015-1 and 2016-1 transactions. read more

KBRA Assigns Preliminary Ratings to Castlelake Aircraft Structured Trust 2017-1

Kroll Bond Rating Agency assigned preliminary ratings to three classes of loans issued by Castlelake Aircraft Structured Trust 2017-1. read more

Textainer Closes $500MM ABS Transaction

Textainer Group Holdings announced that company subsidiary Textainer Marine Containers V Limited issued $500 million in fixed rate asset-backed notes. read more

Commercial Credit Group Closes Seventh Term ABS Transaction

Commercial Credit Group closed a 144a privately-placed term asset-backed security transaction. The $259,707,000 financing was placed with a broad group of institutional investors. read more

Element Issues $1.2B of Rated ABS Term Notes Through Chesapeake II

Element Fleet Management closed the issuance of $1.2 billion rated term notes through Chesapeake Funding II. read more

Moody’s Upgrades Dell Equipment Backed ABS From 2015, 2016

Moody's Investors Service upgraded five and affirmed 10 securities from Dell Equipment Finance Trust transactions issued in 2015 and 2016. read more

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