Digital investment ABS prepped

Category: ABS CMBS Marketplace Lending

Previous Story       Next Story

Sector developments and company hires

Digital investment ABS prepped
DigitalBridge Group is in the market with its debut securitisation, the US$500m DigitalBridge Issuer Series 2021-1. The unusual transaction is secured by the firm’s digital investment management fees and carried interest, including from future investment vehicles.

The triple-B rated notes will be issued in two classes: a US$300m class A2 secured fund fee revenue tranche, to be drawn in full at closing; and a US$200m class A1 variable funding tranche that can be drawn, repaid and subsequently re-drawn over the deal’s five-year term.

Already registered?

Not yet registered? Join today to access SCI Content.