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Latest Securitization Stories

2014-06-20 12:25:40

NEW YORK, June 20, 2014 /PRNewswire/ -- TIG Advisors, an investment platform employing multiple investment strategies including structured credit, was recognized by GlobalCapital for having the Best ABS Fund. The awards ceremony was held in New York City on June 18, 2014. Stuart Lippman and David Liu, co-founders of the structured credit strategy (TSAF), were on hand to accept the award. Winners of GlobalCapital's Securitization Milestones Awards were announced at the Broad Street...

2014-06-17 08:26:49

NEW YORK, June 17, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings to six classes of single-family rental pass-through certificates from Colony American Homes 2014-2 (CAH 2014-2), a single-family rental securitization. The preliminary ratings are based on information known to Morningstar as of June 16, 2014. PRELIMINARY RATINGS (AS OF JUNE 16, 2014) ----------------------------------- Class...

2014-05-30 08:21:13

LISLE, Ill., May 30, 2014 /PRNewswire/ -- Navistar Financial Corporation (NFC), an affiliate of Navistar International Corporation (NYSE: NAV), announced today that it has completed a $100 million trade receivables securitization program. The liquidity is provided by one of NFC's relationship banks. The securitization program will provide NFC with cash proceeds of up to $100 million through the on-going sale of its fleet receivables previously purchased from Navistar....

2014-05-22 08:35:49

Ford will license Lewtan's ABS System, ABS Web Solutions, and ABSNet WALTHAM, Mass., May 22, 2014 /PRNewswire/ -- Lewtan today announced that Ford Motor Company, headquartered in Dearborn, Michigan, has licensed Lewtan's ABS System, ABS Web Solutions and ABSNet in support of their worldwide securitization program. "We are honored to welcome Ford into our growing family of clients. We know that Ford Motor Company is committed to driving success around the globe and to delivering...

2014-05-21 08:21:22

CLEVELAND, May 21, 2014 /PRNewswire/ -- TransDigm Group Incorporated ("TransDigm Group") (NYSE: TDG) announced today that on May 20, 2014, its wholly-owned subsidiary, TransDigm Inc. (the "Company"), priced its private offering of $2.350 billion aggregate principal amount of senior subordinated notes, consisting of $1.150 billion aggregate principal amount of 6.0% Senior Subordinated Notes due 2022 (the "2022 Notes") and $1.200 billion aggregate principal amount of 6.5% Senior...

2014-05-12 20:20:38

CLEVELAND, May 12, 2014 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG) ("TransDigm") today announced that it has requested amendments to its senior secured credit facilities in connection with considering whether to pay a special dividend. TransDigm Inc. has requested that its senior lenders consent to amendments to its senior secured credit facilities to permit, among other things, a special dividend, to increase its existing senior secured term facility by $625 million,...

2014-05-08 23:10:27

Approximately $154 Million of Asset-backed Securities Affected Philadelphia, PA (PRWEB) May 08, 2014 LEAF Commercial Capital, Inc. (“LEAF”) a specialized equipment leasing and finance company headquartered in Philadelphia, PA., has announced that Moody's has upgraded seven mezzanine and subordinate securities and affirmed six securities from the LEAF Receivables Funding LLC, Series 2011-2 and 2012-1. The transactions are securitizations of small-ticket equipment leases serviced by...

2014-05-05 16:27:31

Management to Review Results and Provide Business Update in Conference Call Scheduled Today for 5:00 p.m. Eastern Time MOUNTAIN VIEW, Calif., May 5, 2014 /PRNewswire/ -- Alexza Pharmaceuticals, Inc. (Nasdaq: ALXA) today reported financial results for the quarter ended March 31, 2014. The net loss for the first quarter was $10.7 million compared to $20.7 million during the same quarter in 2013. At March 31, 2014, Alexza had consolidated cash, cash equivalents, marketable securities and...

2014-05-01 12:36:37

Core net income of $157.3 million, or $0.44 per diluted share. DALLAS, May 1, 2014 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SCUSA") today announced net income for first quarter 2014 of $81.5 million, or $0.23 per diluted common share, compared to net income attributable to SCUSA shareholders for first quarter 2013 of $290.4 million, or $0.84 per diluted common share. However, core net income(1) for first quarter 2014 was $157.3 million, or $0.44 per diluted...

2014-04-17 08:25:19

- Revenue Increases 17 Percent to $1.23 Billion DALLAS, Texas, April 17, 2014 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced results for the quarter ended March 31, 2014. http://photos.prnewswire.com/prnvar/20051024/ADSLOGO SUMMARY Quarter Ended March 31,...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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