Alston & Bird represented JPMorgan Chase Bank N.A. in a $1.25 billion public securitization of credit card receivables. JPMorgan Chase served as sponsor, originator, administrator, and servicer, with Chase Card Funding LLC as depositor and transferor and Chase Issuance Trust as issuing entity. The securitization involved Class A (2026-1) notes rated AAA by Fitch and S&P, with JPMorgan Chase serving as sole lead bookrunner and multiple co-managers participating.
The Alston & Bird team representing JPMorgan Chase was led by partner B.K. Lee (Credit Card Securitizations; Structured & Warehouse Finance), with support from partners Joe McKernan, Pat Sargent, and Jason Solomon, senior associate Tom Dunn, and paralegal Nick Pandullo (Finance); partner Clay Littlefield (Federal & International Tax); partner Steve Ornstein and senior associate Josh Dhyani (Financial Services); partner Jacob Johnson (Financial Restructuring & Reorganization); partner Martin Dozier (Investment Funds); partner Matt Strumph (Capital Markets & Securities); and counsel Fahad Saghir (Employee Benefits & Executive Compensation).