Structured Finance & Securitization AlertKey Takeaways
Whether securities issued in data center securitizations are “asset-backed securities” under the Exchange Act has been an open question since the market began to develop.
The SEC staff has provided guidance on that question for data center securitization structures where the issuer owns or has rights to operating data center facilities and related assets. The analysis turns on deal structure: what the issuer owns, what supports repaymen...
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