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Global Jet returns with another $673M aicraft lease securitization

Asset Securitization Report - 6/18/2018
Global Jet, a 4-year-old company founded by several veterans of GE Capital Corp., is returning to the securitization market to refinance the remainder of business jet leases it purchased from GECC in 2015. The new transaction, Business Jet Securities 2018-2, is backed by 76 midsize and larger jets including Gulfstream, Bombardier, Dassault (Falcon); Embraer, Cessna (Textron), HondaJet and Pilatus, with an aggregate value of approximately $821.5 million, according to Kroll Bond Rating Agency.
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Coinstar cashing in on franchise growth to issue more whole-biz ABS

Asset Securitization Report - 6/15/2018
Coinstar has been expanding its network of coin-counting kiosks at retailers and grocery stores overseas, and it's looking to cash out some of that growth to fund another dividend payment to a parent firm controlled by Apollo Global Management. The company is selling another $100 million of bonds backed by franchise fees and intellectual property just a little over a year after its initial whole business securitization in May 2017.
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Sutherland Asset Mgmt boosts leverage in its latest CRE CLO

Asset Securitization Report - 6/14/2018
Sutherland Asset Management is tapping the securitization market to finance another $278.3 million of bridge loans on apartment buildings, offices and industrial parks. RCMF 2018-FL2 is more highly leveraged than Sutherland’s previous commercial real estate collateralized loan obligation (CRE CLO), which was completed in 2017, according to Kroll Bond Rating Agency. It also has heavy exposure to properties that are either vacant or have low occupancy levels.
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WSFS gets high rating for debt

Delaware Business Now - 6/14/2018
For a third consecutive year, Kroll Bond Rating Agency (KBRA) has reaffirmed the senior debt rating of A- for WSFS Financial Corporation, the parent company of WSFS Bank. The A- debt rating is among the highest that KBRA issues under its Bank Financial Strength Ratings scale.
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