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-KBRA Assigns Preliminary Ratings to PSP Funding, LLC - Series 2019-1 Senior Secured Notes

Aug 06, 2019 - ENP Newswire

Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to two note classes of PSP Funding, LLC, a whole business securitization.

This transaction represents the first whole business securitization ('WBS') issued by PSP Funding, LLC (the 'Issuer'). The proceeds from the offered notes will be used to refinance the existing debt, pay certain transaction-related expenses and for general corporate purposes, which may include a return of capital to the Company's equity holders. In con...