Want to join the conversation?
$WYN said on Oct. 21, 2015 that it has completed a term securitization transaction involving the issuance of $300MM of asset-backed notes. Sierra Timeshare 2015-3 Receivables Funding LLC issued $236MM of A rated notes and $64MM of BBB rated notes. The notes were backed by vacation ownership loans and had coupons of 2.58% and 3.08%, respectively.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.