Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 08-09-2016 | Practice Area: | Debt Capital Markets |
| Deal Title: | NewDay Cards Series 2016-1 Credit Card Securitisation | Industry: | Financial Services |
| Description: |
Slaughter and May advised NewDay Cards Ltd (NewDay Cards) and its affiliates in relation to a public debt issue under its own-brand credit card securitisation.
The transaction involved the issuance, through a master trust structure, of GBP247.775 million of Series 2016-1 Floating Rate Asset Backed Notes (the Series 2016-1 Notes) by NewDay Funding 2016-1 Plc.
The Series 2016-1 Notes were ultimately backed by income from a portfolio of credit card receivables beneficially owned by NewDay Funding Receivables Trustee Ltd (the Receivables Trustee).
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Originator | Law Firm | Slaughter and May |
| Assets Jurisdiction | United Kingdom | Issuer Jurisdiction | United Kingdom |
| Classification: |
Securitisation and Structured Finance Credit Cards |
Lawyer | Richard Jones |
