ABS

KBRA Assigns Preliminary Ratings to Driver UK Multi-Compartment S.A., Compartment Driver UK eight

Retrieved on: 
Friday, February 9, 2024
Finance, Banking, Professional Services, Other Automotive, Automotive, HP, LP record, KBRA, PCP, ABS, Compartment, Driver, Volkswagen Group, Telescopic sight

KBRA UK (KBRA) assigns preliminary ratings to two classes of notes issued by Driver UK Multi-Compartment S.A., acting for and on behalf of its Compartment Driver UK eight (Driver UK 8), a United Kingdom auto loan receivables ABS transaction.

Key Points: 
  • KBRA UK (KBRA) assigns preliminary ratings to two classes of notes issued by Driver UK Multi-Compartment S.A., acting for and on behalf of its Compartment Driver UK eight (Driver UK 8), a United Kingdom auto loan receivables ABS transaction.
  • Credit enhancement on the notes is comprised of overcollateralisation, subordination, a cash reserve account and excess spread.
  • Driver UK 8 represents the latest public securitisation for Volkswagen Financial Services AG’s (VWFS) UK subsidiary Volkswagen Financial Services (UK) Limited (VWFS (UK)) under the Driver securitisation platform.
  • VWFS has been securitising its assets, including hire purchase contract receivables, auto loan receivables and auto lease receivables since 1996 and since 2002 for UK receivables.

Ashland Place Wins "Structured Finance Deal of the Year" Award from Airline Economics

Retrieved on: 
Tuesday, February 6, 2024
Davidson Kempner Capital Management, Aviation, Villa, ABS, KBRA, Creativity, Aircraft, Economics, APL, Airline

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced that it has received the "Structured Finance Deal of the Year" award by Airline Economics, the leading and largest finance and leasing global publication for the aviation sector. As part of the publication's annual Aviation 100 Global Leaders Awards, this selection recognized Ashland Place's first aviation loan asset-backed securitization (ABS), APL Finance 2023-1.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced that it has received the "Structured Finance Deal of the Year" award by Airline Economics, the leading and largest finance and leasing global publication for the aviation sector.
  • As part of the publication's annual Aviation 100 Global Leaders Awards , this selection recognized Ashland Place's first aviation loan asset-backed securitization (ABS), APL Finance 2023-1.
  • Jennifer Villa, Executive Director & Group Head at Ashland Place, and Gregory Feldman, Partner at Davidson Kempner Capital Management LP, accepted the "Structured Finance Deal of the Year" award at a ceremony in Dublin on January 29.
  • "We thank Airline Economics for establishing an awards program that spotlights and celebrates all the innovation and creativity across the aviation sector.

BearingPoint surpasses €1 billion full-year revenue target

Retrieved on: 
Tuesday, February 6, 2024
Technology, Consulting, Professional Services, Other Technology, Multimedia, NGO, Growth, ESG, Female, CSR, BearingPoint, ABS, Workforce, Oxford Academy, Investment, Artificial intelligence, Learning, Software, Organization, Consultant

For 2024, BearingPoint plans to hire more than 1,600 people as it accelerates its strategy and continues to expand globally.

Key Points: 
  • For 2024, BearingPoint plans to hire more than 1,600 people as it accelerates its strategy and continues to expand globally.
  • View the full release here: https://www.businesswire.com/news/home/20240205345183/en/
    “2023 was a breakout year for BearingPoint,” said Kiumars Hamidian, Managing Partner of BearingPoint.
  • “We reached our €1 billion in revenue target, and we did it sustainably, with a healthy growth position.
  • In 2024, BearingPoint wants to outperform the market again and accelerate its strategy execution further, planing a double-digit organic revenue growth.

KBRA Assigns Preliminary Ratings to GLS Auto Receivables Issuer Trust 2024-1

Retrieved on: 
Monday, February 5, 2024
Banking, Other Professional Services, Professional Services, Finance, GLS, Car, ABS, KBRA, Assured Investment Management

KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by GLS Auto Receivables Issuer Trust 2024-1 (“GCAR 2024-1”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by GLS Auto Receivables Issuer Trust 2024-1 (“GCAR 2024-1”), an auto loan ABS transaction.
  • GLS is an auto finance company founded in 2011 and is majority-owned by funds managed by Sound Point Capital Management, L.P. (“Sound Point”), an alternative asset manager.
  • Funds managed by Sound Point and legacy funds formerly managed by BlueMountain Capital Management have invested $135 million since GLS’ inception.
  • KBRA considered its operation review of GLS, as well as periodic due diligence calls with GLS.

KBRA Assigns Preliminary Ratings to PEAR 2024-1, LLC

Retrieved on: 
Monday, February 5, 2024
Banking, Professional Services, Finance, ABS, Golden Pear, PEAR, KBRA, Telescopic sight

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
EOS, Electronics, Dental implant, 3D, Silicone, Patient, PETG, ABS, Evonik Industries, Plastic, Risk, Starch, CRP, SABIC, PLA, BASF, 3D printing

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
EOS, Electronics, Dental implant, 3D, Silicone, Patient, PETG, ABS, Evonik Industries, Plastic, Risk, Starch, CRP, SABIC, PLA, BASF, 3D printing

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
Growth, CFO, BNP Paribas, ABS, Security (finance)

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
Professional Services, Finance, Lithia Motors, LADAR, ABS, KBRA, DFC, Insurance, Telescopic sight

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
Banking, Professional Services, Insurance, Finance, Waste management, Health, Note, Transport, PREF, ABS, KBRA, Telescopic sight

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.