Collateral

Hazeltree Enhances Hazeltree Collateral Manager™ With AcadiaSoft Partnership

Retrieved on: 
Thursday, February 20, 2020
Collateral management, Credit, Collateral, Marketing collateral

NEW YORK and LONDON and HONG KONG, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Hazeltree, the leading provider of integrated treasury management and portfolio finance solutions, today announced the expansion of Hazeltree Collateral Manager to include Standard Initial Margin Model (SIMM) calculations in partnership with AcadiaSoft.

Key Points: 
  • NEW YORK and LONDON and HONG KONG, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Hazeltree, the leading provider of integrated treasury management and portfolio finance solutions, today announced the expansion of Hazeltree Collateral Manager to include Standard Initial Margin Model (SIMM) calculations in partnership with AcadiaSoft.
  • Hazeltree Collateral Manager helps optimize collateral usage, minimize operational risks, strengthen controls and enhance treasury ROI through a streamlined, automated OTC collateral management process.
  • Hazeltree supports all aspects of the collateral management processes, ensuring our clients are fully equipped to meet the upcoming phases of UMR, saidPaul Calderone, Chief Operating Officer of Hazeltree.
  • We are delighted to add AcadiaSoft to our list of partners as we continue enhancing our collateral management capabilities.

Hazeltree Enhances Hazeltree Collateral Manager™ With AcadiaSoft Partnership

Retrieved on: 
Thursday, February 20, 2020
Collateral management, Credit, Collateral, Marketing collateral

NEW YORK and LONDON and HONG KONG, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Hazeltree, the leading provider of integrated treasury management and portfolio finance solutions, today announced the expansion of Hazeltree Collateral Manager to include Standard Initial Margin Model (SIMM) calculations in partnership with AcadiaSoft.

Key Points: 
  • NEW YORK and LONDON and HONG KONG, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Hazeltree, the leading provider of integrated treasury management and portfolio finance solutions, today announced the expansion of Hazeltree Collateral Manager to include Standard Initial Margin Model (SIMM) calculations in partnership with AcadiaSoft.
  • Hazeltree Collateral Manager helps optimize collateral usage, minimize operational risks, strengthen controls and enhance treasury ROI through a streamlined, automated OTC collateral management process.
  • Hazeltree supports all aspects of the collateral management processes, ensuring our clients are fully equipped to meet the upcoming phases of UMR, saidPaul Calderone, Chief Operating Officer of Hazeltree.
  • We are delighted to add AcadiaSoft to our list of partners as we continue enhancing our collateral management capabilities.

KBRA Europe Assigns Preliminary Ratings to Taurus 2020-1 NL DAC

Retrieved on: 
Wednesday, February 19, 2020
Banking, Professional services, Insurance, Finance, Finance, Money, Economy, Loans, Kroll Bond Rating Agency, KBRA, Commercial mortgage-backed security, Collateral, Mortgage loan

Kroll Bond Rating Agency Europe Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2020-1 NL DAC, a CMBS single-borrower securitisation.

Key Points: 
  • Kroll Bond Rating Agency Europe Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2020-1 NL DAC, a CMBS single-borrower securitisation.
  • The collateral for the transaction consists of a 653.3 million limited recourse, first lien mortgage loan.
  • The results of our analysis yielded a KBRA net cash flow (KNCF) of 49.5 million, individual property capitalisation rates of 6.25% to 15.50%, a KBRA Value of 746.7 million, and a KBRA Loan to Value (KLTV) of 96.5%.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

KBRA Releases Forever 21 Endgame: An Update on CMBS Exposure and Impact

Retrieved on: 
Friday, February 14, 2020
Finance, Banking, Fashion, Retail, Professional services, Financial markets, Finance, Law, Structured finance, Contract law, Kroll Bond Rating Agency, Commercial mortgage-backed security, Lease, Collateral, Real property

Kroll Bond Rating Agency (KBRA) releases a special report, Forever 21 Endgame: An Update on CMBS Exposure and Impact, which examines CMBS exposure to Forever 21 as either a collateral tenant, non-collateral tenant or recent closure in the wake of the acquisition of the fast-fashion retailer by a consortium of Simon Property Group, Brookfield Property Partners, and Authentic Brands Group.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a special report, Forever 21 Endgame: An Update on CMBS Exposure and Impact, which examines CMBS exposure to Forever 21 as either a collateral tenant, non-collateral tenant or recent closure in the wake of the acquisition of the fast-fashion retailer by a consortium of Simon Property Group, Brookfield Property Partners, and Authentic Brands Group.
  • Throughout Forever 21s bankruptcy proceedings, properties securing CMBS loans have been impacted by announced closures, lease rejections and lease modifications.
  • KBRA identified at least 134 lease rejections across seven separate notices, including leases for new store openings and relocation agreements.
  • We will continue to monitor ongoing developments related to Forever 21 and report on potential consequences for CMBS collateral within our monthly KCP report for each transaction.

Luxury Asset Capital Acquires and Re-Launches Borro Private Finance

Retrieved on: 
Thursday, February 13, 2020
Finance, Banking, Luxury, Retail, Professional services, Economy, Money, Finance, Loans, Borro Private Finance, Credit, Liability, Collateral

Luxury Asset Capital , a leading provider of alternative financing, today announced that it has acquired and relaunched Borro Private Finance.

Key Points: 
  • Luxury Asset Capital , a leading provider of alternative financing, today announced that it has acquired and relaunched Borro Private Finance.
  • The acquisition of Borro will further accelerate our growth by solidifying our position as the leading lender using luxury assets as collateral, said Dewey Burke, Founder and CEO of Luxury Asset Capital.
  • Luxury Asset Capital relaunched Borro and Borro.com today, bringing significant new value with a much broader range of luxury assets accepted as loan collateral, more flexible loan terms, and new loan products such as the companys Luxury Line of Credit.
  • Luxury Asset Capital will continue as a market-facing brand for very large, complex transactions as well as luxury real estate deals.

WeWork Announces Completion of New Letter of Credit Facility

Retrieved on: 
Tuesday, February 11, 2020
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Economy, Finance, Articles, WeWork, SoftBank Group, Marcelo Claure, Line of credit, Credit, Collateral, Debits and credits, Repurchase agreement

WeWork (the Company), the worlds leading co-working and space-as-a-service platform, today announced the closing of its new $1.75 billion senior secured letter of credit facility.

Key Points: 
  • WeWork (the Company), the worlds leading co-working and space-as-a-service platform, today announced the closing of its new $1.75 billion senior secured letter of credit facility.
  • WeWork, which in December entered into the committed facility together with SoftBank Group Corp. (SoftBank), is not required to post any cash collateral under the new facility, making available approximately $800 million in working capital that was restricted under previous letter of credit facilities.
  • This new letter of credit facility -- which offers better terms and frees up significant balance sheet capital -- marks the latest milestone in WeWorks evolution, said Marcelo Claure, Executive Chairman of WeWork.
  • WeWork reported key financial and operational targets for the Companys strategic and financial plan over the next five years.

KBRA Assigns Preliminary Ratings to Notes Issued by Flagship Credit Auto Trust 2020-1

Retrieved on: 
Wednesday, February 5, 2020
Banking, Professional services, Finance, Economy, Money, Finance, Loans, Debt, Kroll Bond Rating Agency, Credit rating agency, Receivables, Credit, Accounts receivable, Collateral

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Flagship Credit Auto Trust 2020-1 (FCAT 2020-1), an auto loan ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Flagship Credit Auto Trust 2020-1 (FCAT 2020-1), an auto loan ABS transaction.
  • The collateral in the FCAT 2020-1 transaction includes approximately $236 million of receivables as of the statistical cutoff date.
  • The Notes are collateralized by a pool of auto loan contracts originated (1) on an indirect basis mainly through franchise auto dealers and (2) a direct basis from online aggregators and other fulfillment partners.
  • The preliminary ratings reflect the initial credit enhancement levels of 35.50% for the Class A notes, 26.55% for the Class B notes, 15.20% for the Class C notes, 6.20% for the Class D notes and 1.50% for the Class E notes.

KBRA Europe Assigns Preliminary Ratings to Syon Securities 2020 DAC

Retrieved on: 
Monday, February 3, 2020
Banking, Professional services, Insurance, Finance, Finance, Money, Economy, Loans, Credit rating agencies, Kroll Bond Rating Agency, Mortgage loan, Collateral, Structured finance

Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to Syon Securities 2020 Designated Activity Company (Syon 2020 DAC).

Key Points: 
  • Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to Syon Securities 2020 Designated Activity Company (Syon 2020 DAC).
  • The transaction is the second synthetic risk transfer mortgage transaction issued by Bank of Scotland plc (BOS) comprised of residential mortgage loans on UK properties.
  • Syon 2020 DAC is part of an ongoing risk and capital optimisation program implemented by BOS across several collateral types.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

LGIS Launches Commercial Real Estate Industry’s First Deposit Assurance Service to Grow Deposits and CRE Loans

Retrieved on: 
Wednesday, December 4, 2019
Finance, Banking, Professional services, Commercial Building & Real Estate, Construction & Property, Economy, Money, Finance, Loans, Credit, Banking, Financial markets, Liability, Market liquidity, Bank, Collateral, Commercial Mortgage Securities Association

LGIS Group (LGIS) , the pioneer of Commercial Property Loan Insurance (CPLI) for the commercial real estate (CRE) lending industry, today announced the official availability of its Deposit Assurance Service, which provides financial institutions with a compliant methodology to gain additional deposits from funds currently committed to supporting liquidity covenants on CRE loans within their portfolios.

Key Points: 
  • LGIS Group (LGIS) , the pioneer of Commercial Property Loan Insurance (CPLI) for the commercial real estate (CRE) lending industry, today announced the official availability of its Deposit Assurance Service, which provides financial institutions with a compliant methodology to gain additional deposits from funds currently committed to supporting liquidity covenants on CRE loans within their portfolios.
  • Todays traditional CRE lenders are starved for alternative inroads to increase deposits and have few if any options available.
  • Typically, financial institutions require a liquidity covenant of 10% of the loan amount on a CRE loan.
  • Our Deposit Assurance Service eliminates this problem for bankers, helping them increase deposit gathering, attract more loans and serves as true additional liquid collateral.

Telesat Canada Announces Pricing of Notes Offering and Sizing of Senior Secured Credit Facilities

Retrieved on: 
Friday, November 22, 2019
Economy, Articles, Loans, Business law, Property law, Credit, Telesat, Lien, Collateral

OTTAWA, Nov. 22, 2019 (GLOBE NEWSWIRE) -- Telesat Canada (Telesat) today announced the pricing of an offering of US$400 million aggregate principal amount of 4.875% senior secured notes due 2027 (the Senior Secured Notes) by Telesat and Telesat LLC.

Key Points: 
  • OTTAWA, Nov. 22, 2019 (GLOBE NEWSWIRE) -- Telesat Canada (Telesat) today announced the pricing of an offering of US$400 million aggregate principal amount of 4.875% senior secured notes due 2027 (the Senior Secured Notes) by Telesat and Telesat LLC.
  • The Senior Secured Notes will be secured by a first priority lien on the collateral that secures the Existing Credit Agreement (as defined below).
  • The Senior Secured Notes are expected to be issued on or around December 6, 2019, subject to customary closing conditions.
  • Concurrently with the issuance of the Senior Secured Notes, Telesat expects to amend its Existing Credit Agreement (as defined below).