NPL facility inked

Category: ABS CLOs CMBS

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Sector developments and company hires

NPL facility inked
Together Financial Services has launched a new £96.2m securitisation vehicle called Brooks Asset Backed Securitisation 1 (BABS), which matures in 2026. The facility consists of a varied pool of residential and commercial purpose non-performing loans, previously funded within the senior borrower group. Consistent with its wider securitisation programme, Together will continue to service and manage the loans within the new facility and will retain the customer relationships.

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