Tara Castillo | C-Suite Considerations for Onboarding a Securitization Strategy

Alston & Bird client Regional Management Corp., a diversified consumer finance company, has closed its eleventh securitization, a private offering of $250 million of asset-backed notes. The securitization has a two-year revolving period, and the Class A notes received a top rating of “AAA” by Standard & Poor’s and Morningstar DBRS.

Alston & Bird has boosted its Finance Group and Structured & Warehouse Finance Team by adding partner Boong-Kyu (B.K.) Lee in New York. B.K. focuses his practice on advising issuers, underwriters, and financial institutions on a wide range of structured finance transactions, including public and private securitizations across key asset classes.

Alston & Bird client Southern Auto Finance Company, an industry-leading auto finance company, recently closed its second asset-backed securities issuance.

Alston & Bird client Hilton Grand Vacations Inc. has closed a $269 million securitization of vacation ownership loans through Hilton Grand Vacations Trust 2022-2. This marks a second ABS transaction in 2022 for HGV. The transaction features four classes of securities: approximately $153 million of Class A notes; approximately $73 million of Class B notes; approximately $26 million of Class C notes; and approximately $17 million of Class D notes.

Alston & Bird has earned wide recognition in the 2021 edition of Chambers USA: America’s Leading Lawyers for Business.