Cherry Technologies raises $350M in latest ABS issuance

What's the deal? Cherry Technologies has raised $350 million through its latest asset-backed securities (ABS) issuance. The deal includes an optional redemption feature that allows certificate holders to redeem the notes on any day on or after the fifth business day before the monthly payment date in July 2028.

The signal: Cherry Technologies' $350 million issuance lands amid a broader surge in structured finance activity, with recent deals from Scooter's CoffeeDealroom has a profile for this one. Try Dealroom → ($375 million), MetronetDealroom has a profile for this one. Try Dealroom → ($903.4 million), and Lendmark FinancialDealroom has a profile for this one. Try Dealroom → ($300 million) pointing to robust investor appetite for asset-backed securities across diverse sectors. The inclusion of an optional redemption feature tied to July 2028 suggests issuers are sweetening terms to attract capital in a competitive ABS market.

Read more: Asset Securitization Report