Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 23-03-2015 | Practice Area: | Debt Capital Markets | ||||||||||||||||
| Deal Title: | NewDay Credit and Store Card Master Trust 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 credit card, store card and instalment credit securitisation.
The transaction involved the issuance, through a master trust structure, of GBP244.25 million of Series 2015-1 Floating Rate Asset Backed Notes (the Series 2015-1 Notes) by NewDay Partnership Funding 2015-1 Plc.
The Series 2015-1 Notes are ultimately backed by income from a portfolio of credit card, store card and instalment credit receivables beneficially owned by NewDay Partnership Receivables Trustee Ltd (the Receivables Trustee).
Financing: Richard Jones (partner), Katherine Best (associate), Patricia Anyaegbuna (associate), David Thomas (associate), Leila Gaafar (trainee), Duncan Mykura (trainee), Samantha Roberts (trainee); Tax: Gareth Miles (partner), Michael Ringer (associate); Financial Regulation: Ben Kingsley (partner), Edward Burrows (associate).
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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 | ||||||||||||||||
| Further Information: |
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