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MSK Completes a $350+ million Securitization Transaction

March 16, 2015

Mitchell Silberberg & Knupp’s Corporate and Business Transactions Practice Group acted as issuer’s counsel in connection with a $350+ million prime automobile loan securitization transaction involving the sale of notes in an underwritten public offering registered with the Securities and Exchange Commission. The issuer also sold, through its subsidiary depositor, the entire residual interest in the securitized receivables through a cash sale of the underlying ownership certificates of the securitization trust through a private placement transaction under Rule 144A to qualified institutional buyers, also under the representation of MSK. 

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