Alston & Bird Advises World Acceptance Corporation on Closing $640 Million Revolving Credit Facility

Alston & Bird represented JPMorgan Chase Bank N.A. as sponsor, originator, administrator, and servicer; Chase Card Funding LLC as depositor and transferor; and Chase Issuance Trust as issuing entity on the public securitization of approximately $1.5 billion in credit card receivables. The securitization consisted of Class A (2025-1) notes issued by Chase Issuance Trust and rated AAAsf by Fitch Inc. and AAA(sf) by S&P Global Ratings. J.P. Morgan, Barclays, CastleOak Securities L.P., Mischler Financial Group Inc., Scotiabank, Siebert Williams Shank, and TD Securities were the underwriters for the SEC-registered issuance, which closed on July 25, 2025.

Alston & Bird client Hilton Grand Vacations (HGV) has completed a $293 million securitization of both HGV and legacy Diamond vacation ownership loans through Hilton Grand Vacations Trust 2023-1. Three classes of notes were issued by HGVT, including approximately $187 million of Class A notes, approximately $79 million of Class B notes, and approximately $27 million of Class C notes.

Alston & Bird client Regional Management Corp., a diversified consumer finance company, has closed its ninth securitization, a private offering of $200 million of asset-backed notes.

Alston & Bird advised Radian Mortgage Capital (RMC) on closing its inaugural $348.9 million 2024-J1 securitization of prime jumbo residential real estate loans. RMC was formed to provide residential mortgage lenders with an additional secondary-market option for high-quality loans and to provide mortgage investors with a trusted, high-quality sponsor. Consistent with Radian’s stated strategy, RMC expands the company’s capabilities to participate in the mortgage market to aggregate, manage, and distribute residential mortgage credit risk.

Alston & Bird client Regional Management Corp., a diversified consumer finance company, has closed its eighth securitization, a private offering of $250 million of asset-backed notes, which is its largest securitization to date. The asset-backed notes are collateralized by a pool of soft secured, hard secured, and unsecured consumer loans, some of which constitute personal loans originated through Regional Management’s convenience check direct mail campaigns.