Posted on:Weil in the News
Weil represented CFG Partners, which was recently acquired by an investor group led by BayBoston Managers, on a $222 million ABS bond offering backed by personal consumer loans across multiple jurisdictions. The transaction, which closed on July 15, 2019, was CFG Partners’ second securitization, replacing its prior securitization, which was the first ever multi-jurisdiction securitization of personal consumer loans. CFG Partners is a consumer finance company operating in Panama and the Caribbean.
The New York-based Weil team advising CFG Partners was led by Structured Finance & Derivatives partner Shawn Kodes and included Structured Finance & Derivatives partner Frank Nocco and associates Matthew Nemeth, Steven Chung, Joel Hutman and Andrew Lauder; Tax partner Larry Gelbfish and associate Benjamin Brookstone; and Executive Compensation & Benefits partner Sarah Downie.