16 04 2016Lendmark Financial Services completed its ABS bond offering
Weil has advised Lendmark Financial Services, a wholly-owned subsidiary of The Blackstone Group, on an ABS bond offering backed by personal consumer loans.
The transaction is Lendmarkâ€™s first-ever rated term securitization of personal loans.
Lendmark is a consumer finance company specializing in providing a variety of personal loans, automobile loans and retail merchant sales finance services.
Weil has advised Lendmark on the transaction with a team led by New York partner Frank Nocco (picture), assisted by Structured Finance & Derivatives associates Daniel Lee and Tax partner Larry Gelbfish. Involved fees earner: Frank Nocco - Weil; Daniel Lee - Weil; Larry Gelbfish - Weil;
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