Loeb & Loeb attorneys have been involved in numerous securitization transactions that have financed billions of dollars of a wide variety of assets over the last 15 years. These transactions have utilized various funding options, including public offerings and private placements of securities and other financing vehicles such as commercial paper conduits. In addition, having represented many first-time issuers, our lawyers are well equipped to understand the concerns unique to such issuers and to provide the guidance necessary to make novice issuers feel comfortable with what can be a complicated transaction process.
Our experience in asset securitization transactions spans numerous industries and completed deals have involved diverse asset classes, including the following:
- Trade, consumer, debtor-in-possession, foreign trade, health care and credit card receivables
- Entertainment royalties
- Dealer floor plan loans (including auto and farm equipment)
- Nuclear fuel
- Natural gas
- Tax liens and tax credits
- Automobile leases
- Automobile loans (including sub-prime and fleet loans)
- Franchisee loans
- Equipment leases
- Investment advisory and mutual fund management fees
- Public school facilities
- Manufactured housing
- Receipts from televised exhibitions of major-league sporting events
- Student loans
- Taxi medallions
- Airline passenger and cargo receivables
- Insurance premium loans and variable annuity products
- Small business loans
Loeb & Loeb is also involved in securitizations of new asset classes, such as music and film royalties as well as other types of IP assets. More information can be found in our IP securitization capabilities description.
Commercial Paper Programs
Loeb & Loeb attorneys have significant experience in the structuring of asset-backed commercial paper (ABCP) programs in both the U.S. and Euro markets and the financing of various types of assets, including synthetics, by such programs. Our attorneys have advised sponsors, placement agents and managers of ABCP programs, giving us an appreciation of the full range of issues important to each of these entities. This experience allows our attorneys to more readily work to satisfy the needs of all parties to these transactions, resulting in smoother and faster execution. Overall, our attorneys have been involved in more than 60 commercial paper programs and have actively advised clients in this market since the early 1990s. Our recent work includes assisting clients with respect to extendable and callable notes and other nontraditional liquidity structures.
CBOs, CDOs and CLOs
The attorneys in Loeb & Loeb's Structured Finance and Securitization Group have also been involved in numerous CBO, CDO and CLO transactions. Our attorneys have advised various market participants involved in these transactions, including asset managers, placement agents, investors and issuers. Included in these transactions have been both cash flow and market value structures, as well as transactions involving synthetic structures and other types of derivatives.
We effectively utilize our diverse experience to produce smoother and faster execution of our clients' transactions. We also integrate our corporate, bankruptcy and insolvency, tax and securities abilities to structure, negotiate and execute our clients' deals. This interdisciplinary approach helps to ensure that every issue is handled by those attorneys best qualified by virtue of their experience and training.
Our resources also include industry-focused attorneys in other Loeb & Loeb practice groups such as Entertainment and Media, Advertising and Promotions, Financial Services and Real Estate. Because of our broad vision and understanding of these specific industries, as well as our commitment to responsive service, our clients benefit from comprehensive and outstanding representation.
Leadership in Law
We not only keep abreast of the changes in the capital markets, but we keep up-to-date with our clients' industries to be more proactive counselors. The members of our Structured Finance and Securitization Group speak and write regularly on varied topics, including capital markets, securities and corporate law, for numerous organizations and publications.
Joseph P. Sverchek
Robert B. Lachenauer