Led by Frankfurt Partner Dr Sven Brandt a multijurisdictional team of global law firm Hogan Lovells has advised Stellantis Bank on its first combined securitisation of approximately 26.000 German auto loans financing the purchase of vehicles from various Stellantis and other brands.
To finance the purchase of the auto loans, a Luxembourg based securitisation company issued notes in seven tranches in an aggregate nominal amount of EUR 375,000,000, the highest of which was rated AAAsf by Fitch and AAA (sf) by DBRS.
The transaction was verified as simple, transparent and standardised under the European Securitisation Regulation by PCS and qualifies as significant risk transfer for the purposes of the European Capital Requirements Regulation.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
