Mayer Brown advises Barclays, Deutsche Bank, HSBC and Lloyds Banking Group on EUR 543.5 million auto loan securitisation
3 June 2015
London - Leading global law firm Mayer Brown has acted for Barclays, Deutsche Bank, HSBC and Lloyds Banking Group as Joint Arrangers and Joint Lead Managers in the EUR 543.5 million auto loan securitisation issued by Globaldrive Auto Receivables 2015-A B.V. (“Globaldrive”).
The transaction involved the issuance by Globaldrive of EUR 500 million of Class A Notes, EUR 16.3 million of Class B Notes and EUR 27.2 million of Class C Notes backed by a portfolio of German auto loans, purchased by Globaldrive from FCE Bank plc, which is part of the Ford Motor Company.
The cross-border Banking & Finance team who advised on the deal consisted of securitisation partners and associates from Mayer Brown’s London and Frankfurt offices. The team was led by partner David O'Connor, who was assisted by partner Kevin Hawken and associate Ally Krawcewicz. The Frankfurt team was led by Counsel Andreas Lange, who was assisted by senior associates Kirsten Schürmann and Cornelia Wiendl.