Latest Asset-backed security Stories

2014-05-20 20:22:51

SAN JOSE, Calif., May 20, 2014 /PRNewswire/ -- Sanmina Corporation (NASDAQ GS: SANM) announced today the pricing of an offering of $375,000,000 aggregate principal amount of its 4.375% Senior Secured Notes due 2019 (the "Notes"), which represents an increase of $25,000,000 to the previously announced total aggregate principal amount. The Notes will mature on June 1, 2019 and bear interest at an annual rate of 4.375%, payable semi-annually in cash in arrears. The notes will be fully...

2014-04-09 08:23:05

SALT LAKE CITY, April 9, 2014 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has successfully consolidated and restructured the more than $5.1 million in distressed refinery debt that it acquired in March. "Lumping all the various acquired notes into one consolidated loan will help the refinery manage the repayment process as well as simplify our task of servicing the loan and collecting the payments," said Mr. Paul Edward Norat, CEO of...

2014-04-03 04:20:06

Third ABS deal Volkswagen Financial Services and BNY Mellon have worked on in two years LONDON, April 3, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed account bank and paying agent by Volkswagen Financial Services AG on a EUR3 billion asset-backed security (ABS) warehousing programme for auto leases. This is the third ABS leasing deal that Volkswagen Financial Services AG and BNY Mellon have worked on together...

Word of the Day
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).