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MSK Represents Issuer in $400 Million Loan Securitization Transaction

July 16, 2015

Mitchell Silberberg & Knupp’s Corporate and Business Transactions Practice Group acted as issuer’s counsel in connection with a $400+ million prime automobile loan securitization transaction. The deal included a public underwritten offering of $390 million notes backed by auto loans originated by the client and a Rule 144A placement of the underlying ownership certificates representing residual interest in the issuing trust. The transaction was the client’s third takedown from a $2 billion shelf registration statement declared effective last year, also under the representation of MSK.

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