Hogan Lovells advises on Stellantis Bank’s inaugural multi-brand German securitisation transaction
Led by Frankfurt Partner Dr Sven Brandt a multijurisdictional team of global law firm Hogan Lovells has advised Stellantis Bank on its first combined securitisation of approximately 26.000 German auto loans financing the purchase of vehicles from various Stellantis and other brands.
To finance the purchase of the auto loans, a Luxembourg based securitisation company issued notes in seven tranches in an aggregate nominal amount of EUR 375,000,000, the highest of which was rated AAAsf by Fitch and AAA (sf) by DBRS.
The transaction was verified as simple, transparent and standardised under the European Securitisation Regulation by PCS and qualifies as significant risk transfer for the purposes of the European Capital Requirements Regulation.
Hogan Lovells team for Stellantis Bank
Dr Sven Brandt (Partner), Sebastian Oebels (Counsel), Didem Savas (Senior Projects Associate), Leyla Memis (Senior Business Lawyer), Dilek Ovic (Associate) (all Capital Markets, Frankfurt);
Dr Heiko Gemmel (Partner), Vanessa Rinus (Senior Associate) (both Tax, Dusseldorf);
Sharon Lewis (Partner), Laura Asbati (Partner), Ailsa Davies (Counsel), Joanna Veitch (Associate) Julie Toux (Associate) (all Capital Markets, Paris);
Ariane Mehrshahi (Partner), Valérie Laskowski (Senior Associate), Carla Valdés Cortés (Associate) (all Capital Markets, Luxembourg);
Gerard Neiens (Partner), Jean-Philippe Monmousseau (Of Counsel), Grace Mfuakiadi (Associate) (all Tax, Luxembourg);
Tom van Duuren (Partner), Chantalle Schoegje (Senior Associate), Michelle Wong (Paralegal) (all Corporate, Amsterdam).
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