- Category
- Defining Matters
- Date
- Sept. 17, 2018
- Title
-
Kramer Levin Closes $100 Million Precious Metals Securitization for A-Mark
Kramer Levin acted as special counsel to A-Mark Precious Metals Inc. in connection with the company’s first securitization transaction. AM Capital Funding LLC, a subsidiary of A-Mark, issued two classes of notes with an aggregate initial principal balance of $100 million. The notes are secured by precious metals (gold, silver, platinum and palladium) and a portfolio of loans collateralized by precious metals. The notes were rated “AA” and “BBB” by Morningstar Credit Ratings.
Related People
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Gilbert K.S. Liu
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- Partner
- Chair, Securitization and Structured Finance
- New York
- vcard
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Daniel Michaelson
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- Partner
- New York
- vcard
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