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Home » Store » Agency MBS » Franchise/Royalty Securitizations Expected to Build as Investor Base Grows, New Structures Are Introduced

Franchise/Royalty Securitizations Expected to Build as Investor Base Grows, New Structures Are Introduced

$55.00
Agency MBS

Product Details

Securitizations backed by proceeds from franchises such as Domino’s Pizza and Dunkin Brands hit a record in terms of issuance volume in 2015. Industry participants suggest the market for such deals, known as whole-business securitizations, is set to expand due to growing interest from investors. There was more than $7.0 billion in WBS issuance in 2015, exceeding the issuance of the three prior years combined, according to Cory Wishengrad, a senior managing director and head of structured products origination at Guggenheim Securities. Wishengrad and others involved with structuring franchise/royalty securitizations spoke at a recent roundtable hosted by Standard & Poor’s. “The WBS sector has made...
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