Sidley Represented Americor in Closing of Its Inaugural US$153 Million Debt-Settlement Fee Securitization

Sidley represented Americor, a leading provider of consumer financial services, in the closing of AMDR ABS Trust 2025-1, a US$153.15 million asset-backed securitization (ABS) collateralized by debt-settlement (DS) fees. This transaction is the company’s first securitization backed by DS fees and, to Americor’s knowledge, the first-ever rated ABS of its kind. The Class A and Class B notes received ratings of BBB- (sf) and BB- (sf) from Kroll Bond Rating Agency, and BBB (low)(sf) and BB (low)(sf) from DBRS Morningstar, respectively.

Americor’s leadership has stated that access to this new form of capital will further strengthen the company’s ability to meet client financial-wellness needs across debt resolution, consolidation, and mortgage solutions, while expanding Americor’s capital-markets capabilities through a new institutional funding channel.

The Sidley team is led by T.J. Gordon and Andrew C. Adair (Global Finance) and includes Joel E. Haas, Atzin R. Villarreal Sosa, Grace Lyman, and Mark Tamvakis (Global Finance); Richard M. Silverman and Alice W. Qin (Tax); David I. Monteiro and Celia Calano Bologna (Banking and Financial Services); and Dennis M. Twomey and Anna Gumport (Restructuring).