|
At a glance: Deal type: Hertz Vehicle Financing $4.3 billion ABS; part funding of $15 billion buyout of Hertz. Lead managers: Lehman Brothers, Deutsche Bank, JPMorgan, Merrill Lynch, Goldman Sachs Date: December 2005 |
Buyout activity dominated the headlines on both sides of the Atlantic in 2005, but the use of structured finance on the refinancing of the purchase of the Hertz division from Ford gave this phenomenon a new dimension.
The pace of structured finance innovation has slowed of late, especially in areas other than CDOs, so the important developments tend to come about through inventive new applications.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
