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Structured Finance and Securitization
Katten’s diverse, international structured finance and securitization practice encompasses a wide range of clients and asset classes and involves some of the most innovative structures in the marketplace. In challenging times, clients rely on our breadth of experience and innovative approach to legal issues when they need groundbreaking solutions to novel business challenges.
Katten attorneys have structured, negotiated and drafted all types of structured finance transactions, including term and revolving asset-backed facilities, commercial paper conduits, structured product transactions, REMICs, and correspondent and warehousing transactions. We represent a broad range of market participants, including issuers, underwriters, placement agents, collateral managers, investors, swap counterparties, trustees, credit enhancers and servicers.
Our group’s experience covers all asset types, including automobile loans, automobile leases, dealer floorplan programs, residential and commercial mortgages, non-performing and re-performing loans, equipment leases, and credit card receivables. Our practice also encompasses many specialized financing products such as reverse mortgages, non-U.S. mortgages, future flow credits and securities guaranteed by OPIC and the FDIC, among others.
Professionals
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New York
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New York
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New York
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Chicago
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New York
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Chicago
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New York
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New York
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New York
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New York
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Chicago
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New York
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Washington, D.C.
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Washington, D.C.
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Chicago
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Charlotte
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Managing Partner, Charlotte
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New York
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New York
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Chicago
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Irving
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New York
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Washington, D.C.
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New York
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Chicago
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New York
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Washington, D.C.
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Washington, D.C.
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Washington, D.C.
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Chicago
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Charlotte
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New York
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New York
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Chicago
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New York
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Chicago
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Charlotte
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Chicago
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New York
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Chicago
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Chicago
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New York
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Los Angeles - Century City
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New York
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June 4, 2013
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May 24, 2013
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March 18, 2013
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February 14, 2013
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November 1, 2012
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August 27, 2012
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July 13, 2012
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June 7, 2012
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September 29, 2011
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September 28, 2011
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June 10, 2011
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November 12, 2010
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November 2, 2010
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September 2010
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August 9, 2010
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November 6, 2009
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August 28, 2009
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August 5, 2009
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July 13, 2009
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June 11, 2009
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May 20, 2009
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May 4, 2009
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April 16, 2009
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March 26, 2009
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March 18, 2009
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March 12, 2009
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March 3, 2009
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February 26, 2009
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February 12, 2009
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February 10, 2009
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January 27, 2009
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January 16, 2009
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January 13, 2009
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Winter 2008
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December 23, 2008
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December 2, 2008
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December 1, 2008
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December 1, 2008
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November 18, 2008
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November 12, 2008
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October 15, 2008
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October 13, 2008
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October 13, 2008
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September 29, 2008
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September 23, 2008
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September 22, 2008
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May 2008
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August 13, 2008
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August 2008
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May 03, 2013
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New York, New York
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April 22, 2013
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Miami, Florida
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January 27, 2013
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Las Vegas, Nevada
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October 21, 2012
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Presented by Information Management Network
Miami Beach, Florida
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October 10, 2012
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Presented by the CRE Finance Council
Washington, DC
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Aircraft Securitizations
- Represented Brazilian aircraft manufacturer as lessor and debtor in the offering of aircraft-backed pass-through certificates issued by four annual series of pass-through trusts.
- Represented airline in a private securitization of its travel card and other receivables Automobile and Truck Securitizations.
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Automobile and Truck Securitizations
- Represented automobile manufacturer as issuer in over 30 public securitizations of retail auto loans to car buyers and wholesale auto loans to car dealers using owner trust and revolving master trust structures.
- Represented federal savings bank as seller and servicer in public securitizations of motor vehicle installment loans.
- Represented finance company in a securitization of truck receivables with a bank conduit and a Rule 144A term securitization backed by truck receivables.
- Represented originator of truck leases in a term securitization under Rule 144A.
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Collateralized Debt Obligations/Collateralized Loan Obligations
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Represented investment banks as issuers and initial purchasers in over 50 CDOs and CLOs using static and managed, and cash and synthetic structures.
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Represented investment banks in numerous hybrid CDO structures, the related credit enhancements (including derivatives and liquidity facilities), and back-to-back swap transactions with certain investors.
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Represented investment bank as underwriter’s counsel on a hybrid structured fund using CDO, SIV and credit opportunity fund techniques including a master trust structure.
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Represented investment and collateral managers in CDOs and CLOs utilizing various structures.
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Analyzed the CDO portfolio of a major commercial bank.
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Commercial Mortgage-Backed Securities
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Represented investment bank as issuer and underwriter of multiple public offerings of commercial mortgage-backed securities.
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Represented investment bank as placement agent, underwriter and depositor in CMBS pool transactions and securitizations of construction loans coupled with insurance and derivative products.
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Represented commercial bank in its origination and securitization of commercial mortgage loans in a series of over 25 public offerings and private placements.
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Represented finance company in the origination for immediate securitization of pools of various types of commercial mortgage loans in the United States and abroad, and associated mezzanine financing and other facilities.
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Sponsor of multiple hospital and medical office financings through dutch-auction note and commercial paper.
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Represented institutional lender in the origination of multiple large loans for securitization, including a major New York City office building.
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Health Care Receivable Securitizations
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Represented health care system in a tax-exempt securitization of health care receivables.
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Represented lead banks in a securitization of health care receivables for a state finance authority.
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Represented commercial bank in its purchase of a multimillion-dollar risk participation in a letter of credit facility for a state finance authority commercial paper vehicle for financing of Medicaid receivables.
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Intellectual Property Securitizations
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Represented underwriter in issuances of obligations secured by royalty income from compositions of various artists and in music company’s recorded music and music publishing.
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Represented underwriter in whole company securitizations of clothing manufacturer, retailers and trademarked fast food stores.
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Represented fitness company, music company and clothing retailer in financings of their trademarks, copyrights, patents and licensed rights.
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Represented borrower in issuance of senior and subordinated motion picture production financing secured by income stream from portfolio of motion pictures.
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Represented underwriter in issuance of obligations secured by income stream from a performance rights organization’s agreements with writers and publishers, and broadcast and general performance.
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Represented apparel company in financings incidental to the acquisition of intellectual property of clothing designer.
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Residential Mortgage-Backed Securities
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Represented investment banks as issuers and underwriters in over 200 public and private securitizations of fixed- and adjustable-rate, first and second lien, residential mortgage loans.
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Represented investment banks as issuers and underwriters in over 50 private re-securitizations of RMBS and net interest margin securitizations.
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Represented underwriters in over 50 public issuances by mortgage lender of residential mortgage-backed securities.
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Represented mortgage lender as the issuer in a series of public and private offerings of residential mortgage-backed securities and securities backed by revolving consumer loans and home equity loans.
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Represented underwriters in multiple exempt offerings of VA guaranteed REMIC pass-through certificates backed by VA vendee loans.
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Represented underwriters in multiple exempt offerings of pass-through certificates guaranteed by Freddie Mac and Fannie Mae.
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Restructurings/Workouts/Opportunity Funds
- Represented private capital management advisor in development of loss mitigation strategies with respect to portfolios of cash and synthetic CDOs.
- Represented issuers in restructurings and workouts of CDOs and asset-backed securities such as trade-receivables securitizations.
- Represented insurers on terminations of synthetic CDO transactions caused by the bankruptcy of the seller of credit protection.
- Represented investment fund in connection with creation and operation of opportunity fund investing in distressed RMBS securities.
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Tax-Exempt Bond Securitizations and Credit Participations
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Represented finance company and affiliated entities in the issuance of trust certificates representing the beneficial interests in tax-exempt and taxable municipal bonds.
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Represented government sponsored enterprise in connection with credit participations involving pools of tax-exempt municipal bonds.
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Represented municipal mortgage lender and affiliated entities in the issuance of trust certificates representing the beneficial interests in tax-exempt and taxable municipal bonds.
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Represented municipal mortgage trust in connection with the issuance of preferred shares.
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Other Structured Finance and Securitization Transactions
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Represented multiple law firms in securitization of tobacco settlement legal fees.
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Represented investment banks as buyers of credit protection on a series of credit default swaps referencing residential mortgage-backed securities.
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Represented investment bank as structurer, arranger and underwriter of cell tower lease financing facility.
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Represented investment banks as whole loan purchasers and owners in the negotiation and execution of various whole loan purchase and servicing agreements.
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Represented placement agent and co-issuers in private offerings of preferred trust securities backed by capital securities of middle-market financial institutions.
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Represented financial institution as Illinois local counsel in a securitization of credit card receivables and retailer in securitization of private label credit card receivables.
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Represented finance company in the creation of a warehouse securitization product for originators of certain financial assets and in connection with inventory finance securitization facility with multiple bank conduits.
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Represented trustee and servicer of industrial revenue bonds, secured notes and other asset-backed securities in over 35 transactions.
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Represented national banking association in its role as trustee and backup servicer for pools of venture capital loans, real estate loans, auto loans, container leases and other receivables in public and private securities offerings.
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Represented large international retailer in receivables purchase facility utilizing foreign denominated receivables, with purchase price indexed against embedded foreign exchange contracts.
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Represented manufacturer in conduit securitization of trade receivables.
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Represented a foreign bank in a securitization of U.S. dollar denominated check remittances.
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Represented a life insurance company in a securitization of its interests in investment limited partnerships.
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Represented a life insurance company in several Regulation XXX reserve securitizations.
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