TALF Eligible $760.8 Million Equipment Loan-Backed Deal On Offer
April 29 2009 - 4:09PM
Dow Jones News
An equipment loan-backed deal that is eligible for funding under
the Federal Reserve's program to revive the securitization market
is on offer, according to a person familiar with the deal.
The $760.81 million deal dubbed CNH Equipment Trust 2009-B is
expected to be sold May 5, which is also the deadline for investors
to apply for non-recourse loans to buy such deals under the Term
Asset-Backed Securities Loan Facility or TALF.
Barclays Capital and Credit Suisse are joint leads. Banc of
America Securities, BNP Paribas and RBS are co-managers.
The bulk of the collateral - 95% - is agricultural
collateral.
-By Anusha Shrivastava, Dow Jones Newswires; 201-938-2371;
anusha.shrivastava@dowjones.com