Securitization

Since the inception of the securitization market in the early 1980s, Sullivan & Worcester LLP has advised credit and liquidity enhancers, issuers, conduit and other purchasers and other participants in asset securitization transactions.

Partners in S&W's Securitization Group are senior practitioners who are actively involved in every transaction. They are deeply experienced problem-solvers who bring creativity, responsive service and efficiency to every representation.

The Legal 500 United States 2009 ranked our Asset Securitization Team as one of the top groups nationally, saying that our securitization partners "are praised [by clients] for their 'prompt responses and thorough work on a full mix of transactions.'"

Practice Profile (PDF)

Representative Client Work

Recent representative transactions include advising:

• Conduit purchasers and liquidity providers in connection with investments in term and variable funding tranches of market value and cash flow CDOs domiciled in the United States, Luxembourg, the Netherlands, Cayman Islands and other jurisdictions
• Agent bank and lenders in connection with securitization of natural gas pipeline transmission receivables
• Agent bank and lenders in securitizations of portfolios of U.S. and European middle-market loans
• Conduit lenders with respect to mortgage warehouse facilities, including master repurchase agreements
• Agent banks and conduit purchasers of senior certificates or notes issued by credit card master trusts and master note trusts
• Agent bank and conduit lenders in financing of residual interests in automobile loan securitizations
• Conduit lender with respect to securitization of charged-off consumer receivables
• Hedge counterparties in rate, currency, credit default, total return and other swaps and derivatives