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Matheson Advises Ally Bank on USD 2 Billion US Auto Loan Securitisation

KEY CONTACT(S): Alan Keating, Kevin Smith, Margot Carty
PRACTICE AREA GROUP: Structured Finance and Securitisation, Finance and Capital Markets, Tax, Listing Services
DATE: 02.10.2019

Matheson acted as Irish legal and tax counsel in connection with the USD 2,018,200,100 Juniper Receivables 2019-1 DAC securitisation of US auto contracts acquired by Ally Bank.  Ally Bank is also the sponsor, servicer and administrator of the transaction.  Ally Bank is one of the largest providers of automotive financing in the US and has been in the business for almost 100 years, originating in excess of approximately USD 30 billion of new auto contracts each year recently.  Matheson also acted as Irish listing agent.

The Matheson team was led by Alan Keating who was assisted by Tax partner, Kevin Smith, Finance and Capital Markets associate, Gearoid Murphy, and Head of Listing Services, Margot Carty.

Alan Keating, New York Resident partner in Matheson’s Finance and Capital Markets Department, commented:  “We are once again delighted to have worked with Ally Bank on yet another successful Irish securitisation of US auto loans for the Ally Bank team.  The transaction closed on 6 August 2019 and represented the first securitisation involving an Irish issuer under the new Securitisation Regulation for Ally Bank.”

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