ABS

KBRA Assigns Preliminary Ratings to PEAR 2024-1, LLC

Retrieved on: 
Monday, February 5, 2024

KBRA assigns preliminary ratings to three classes of notes issued by PEAR 2024-1, LLC (PEAR 2024-1), a securitization collateralized by litigation finance receivables and medical receivables.

Key Points: 
  • KBRA assigns preliminary ratings to three classes of notes issued by PEAR 2024-1, LLC (PEAR 2024-1), a securitization collateralized by litigation finance receivables and medical receivables.
  • PEAR 2024-1 represents Golden Pear Funding OpCo, LLC’s (Golden Pear or the Company) fifth litigation finance ABS.
  • Golden Pear is a litigation finance company that conducts business throughout the U.S. but is concentrated primarily in the New York area.
  • As of December 2023, the Company, including originations of predecessor company Golden Pear Funding, LLC, has funded over $1 billion in aggregate advances dating back to its founding in 2008.

3D Printing Plastics Market worth $4.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 5, 2024

PLA type segment is expected to grow with second highest CAGR in 3D printing plastics market during the forecasted period.

Key Points: 
  • PLA type segment is expected to grow with second highest CAGR in 3D printing plastics market during the forecasted period.
  • The 3D printing plastics market is segmented based on the types into photopolymer, ABS, polyamide, PLA, PETG, Others.
  • The 3D printing plastics market has been studied in North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • This insatiable demand for lightweight and fuel-efficient materials is propelling the region's 3D printing plastics market to new heights.

3D Printing Plastics Market worth $4.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 5, 2024

PLA type segment is expected to grow with second highest CAGR in 3D printing plastics market during the forecasted period.

Key Points: 
  • PLA type segment is expected to grow with second highest CAGR in 3D printing plastics market during the forecasted period.
  • The 3D printing plastics market is segmented based on the types into photopolymer, ABS, polyamide, PLA, PETG, Others.
  • The 3D printing plastics market has been studied in North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • This insatiable demand for lightweight and fuel-efficient materials is propelling the region's 3D printing plastics market to new heights.

EQS-News: AUTO1 Group launches digital floorplan financing solution for partner dealers

Retrieved on: 
Monday, February 5, 2024

AUTO1 Financing offers select partner dealers a fast, convenient and fully digital financing solution within the AUTO1.com platform

Key Points: 
  • AUTO1 Financing offers select partner dealers a fast, convenient and fully digital financing solution within the AUTO1.com platform
    AUTO1 Financing is already available to partner dealers in Germany, France, Spain and Austria
    Berlin, February 1, 2024 – AUTO1 Group SE, Europe’s leading digital automotive platform for buying and selling used cars, today announced the launch of AUTO1 Financing, an innovative car financing solution that leverages AUTO1’s data-driven platform for select AUTO1.com partner dealers.
  • AUTO1 Financing enables dealers to seamlessly add the financing solution to the vehicles they purchased on the AUTO1.com platform as part of their digital customer journey.
  • With its new digital product, AUTO1 Group has reimagined inventory financing to make it the most simple, convenient and transparent solution for dealers.
  • By providing used car dealers with a seamless and efficient financing solution, AUTO1 Group is increasing sales and improving dealer loyalty.

KBRA Assigns Preliminary Ratings to LAD Auto Receivables Trust 2024-1

Retrieved on: 
Thursday, February 1, 2024

KBRA assigns preliminary ratings to four classes of notes (seven tranches) issued by LAD Auto Receivables Trust 2024-1 ("LADAR 2024-1"), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes (seven tranches) issued by LAD Auto Receivables Trust 2024-1 ("LADAR 2024-1"), an auto loan ABS transaction.
  • LADAR 2024-1 represents the seventh overall ABS securitization for Driveway Finance Corporation ("DFC" or the "Company"), and first of 2024.
  • DFC is a wholly owned subsidiary of Lithia Financial Corporation, itself a wholly owned subsidiary of Lithia Motors, Inc. (“Lithia”).
  • KBRA considered its operational review of Lithia and DFC, as well as several business updates with the Company since that time.

KBRA Assigns Preliminary Ratings to Post Road Equipment Finance 2024-1, LLC

Retrieved on: 
Thursday, February 1, 2024

KBRA assigns preliminary ratings to six classes of notes issued by Post Road Equipment Finance 2024-1, LLC (PREF 2024-1), an equipment ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to six classes of notes issued by Post Road Equipment Finance 2024-1, LLC (PREF 2024-1), an equipment ABS transaction.
  • PREF 2024-1 represents the third equipment ABS transaction sponsored by Post Road Equipment Finance, LLC (PREF or the Company).
  • Founded in 2017 and headquartered in Westport, Connecticut, PREF is an independent equipment finance company focused on financing discrete revenue-producing essential-use medium- and large-ticket equipment to corporate obligors.
  • The Company was formerly known as Encina Equipment Finance, LLC and changed its name in March 2023 to Post Road Equipment Finance, LLC.

KBRA Assigns Preliminary Ratings to Oportun Issuance Trust 2024-1

Retrieved on: 
Wednesday, January 31, 2024

KBRA assigns ratings to four classes of notes issued by Oportun Issuance Trust 2024-1 (“Oportun 2024-1”), a $199.5 million consumer loan ABS transaction.

Key Points: 
  • KBRA assigns ratings to four classes of notes issued by Oportun Issuance Trust 2024-1 (“Oportun 2024-1”), a $199.5 million consumer loan ABS transaction.
  • Oportun 2024-1 is an amortizing ABS securitization with an initial collateral balance of approximately $210.0 million and collateralized by a discrete pool of unsecured and secured consumer installment loans originated by Oportun Financial Corporation (“Oportun” or the “Company”).
  • Oportun 2024-1 has initial credit enhancement levels of 31.72% for the Class A notes and 5.48% for the Class D notes.
  • KBRA considered its operational reviews of Oportun, as well as periodic update calls with the Company.

SPECIFIED TECHNOLOGIES INC. LAUNCHES COMPLETELY REDESIGNED CAST-IN DEVICE FOR CONSTRUCTION PROJECTS

Retrieved on: 
Friday, February 2, 2024

The reimagined SpecSeal Cast-In-Device is a sleeve, a firestop, and a watertight seal rolled into a single device.

Key Points: 
  • The reimagined SpecSeal Cast-In-Device is a sleeve, a firestop, and a watertight seal rolled into a single device.
  • Designed with efficiency in mind, the SpecSeal CID extension features adjustable pins to easily set the device height to depth of pour from 8" through 36".
  • "The most exciting part of the SpecSeal CID is all the improvements we have made compared to our original device.
  • With the SpecSeal CID, there is no more comprising: the all-in cast-in device has finally arrived," said Stephen Bennett, Product Manager at STI.

The Inner Circle Acknowledges, Patrick Tamim as a Pinnacle Life Member

Retrieved on: 
Thursday, February 1, 2024

PANAMA CITY, Fla. , Feb. 1, 2024 /PRNewswire/ -- Prominently featured in The Inner Circle, Patrick Tamim is acknowledged as a Pinnacle Life Member for his contributions to the Vascular Surgery Field.

Key Points: 
  • PANAMA CITY, Fla. , Feb. 1, 2024 /PRNewswire/ -- Prominently featured in The Inner Circle, Patrick Tamim is acknowledged as a Pinnacle Life Member for his contributions to the Vascular Surgery Field.
  • Dr. Tamim attended Southern Methodist University where he earned a Bachelor of Science in Biology and Chemistry.
  • He capped his scholarship with a fellowship in vascular surgery at Hartford Hospital in Connecticut.
  • Among his many responsibilities and skills, the doctor provides treatment for carotid disease; aortic aneurysms; and peripheral artery disease surgery.

Blue Bridge Financial Extends Senior Credit Facility with DZ BANK

Retrieved on: 
Tuesday, January 30, 2024

RESTON, Va., Jan. 30, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, announced the closing of a one-year extension of its $135 million revolving credit facility with DZ BANK.

Key Points: 
  • RESTON, Va., Jan. 30, 2024 /PRNewswire/ -- Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, announced the closing of a one-year extension of its $135 million revolving credit facility with DZ BANK.
  • "On the heels of Blue Bridge's inaugural ABS transaction, we are excited to facilitate the next phase of Blue Bridge's growth" said Cedric F. Probst, SVP at DZ BANK.
  • Blue Bridge Financial is a specialty equipment finance firm providing small and medium-sized businesses with secured loans for revenue-producing, essential-use equipment.
  • DZ BANK is the second largest bank in Germany and acts as central bank for approximately 700 cooperative banks in Germany.