Securitisation

Our securitisation team has worked for arrangers, credit enhancers, trustees and issuers in connection with a variety of domestic and offshore securitisation structures and programs.

By collaborating closely with our in-house tax specialists, we can advise on and document programs for a variety of securitised assets, including residential and commercial mortgage backed securities and auto fleet and trade receivables.

Our experience allows us to assist in structuring transactions to provide an appropriate tax and security of cashflow outcome. The team’s intimate knowledge of debt capital markets also allows us to advise clients on issues relating to offshore debt issues.

Many securitised assets are highly regulated and our securitisation team often draws on the considerable experience of our financial services and regulatory group to assist with due diligence and associated legal opinions.

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Securitisation

Our experience

  • Various companies Acting for issuers in CMBS issues for Centro, APPF, Investa and Grand Hotel.
  • Medfin and MLC Advising on the securitisation of its lease and loan receivables.
  • Heritage Building Society Documenting Receivables Purchase Facility for certain receivables.
  • Various companies Advising, structuring and documenting for the arranger of Australia’s first CMBS program for Leda and subsequent programs for Centro, MCS, Investa and APPF.
  • Various companies Advised, structured and documented finance programs for Harvey Norman (incl. interest-free and securitised franchisee loans), Davids Ltd (first securitisation of short-term trade debts), and Scottish Pacific.
  • Various banks Documenting various receivable purchase agreements and liquidity facility agreements.
  • MyState Bank Advising on the securitisation aspects of its $12.5 billion merger with Auswide Bank.
  • A niche financier Advising on loan receivables sales arrangements with an aggregate value of $200 million with various banks.
  • An institutional client Advising on a $600 million structured receivables arrangement to fund the acquisition of a green fields development site in NSW.