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Silverleaf completes securitization process for $151 million bundle of loans..

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  • Silverleaf completes securitization process for $151 million bundle of loans..

    Silverleaf Resorts Completes $151.5 Million Term Securitization - MarketWatch


    .....................DALLAS, Jun 08, 2010 (BUSINESS WIRE) -- Silverleaf Resorts, Inc. (NasdaqCM: SVLF) today announced the completion of a term securitization through its newly-formed and fully consolidated special purpose finance subsidiary, Silverleaf Finance VII, LLC ("SF-VII"), a Delaware limited liability company. SF-VII was formed for the purpose of issuing approximately $151.5 million of its Timeshare Loan-Backed Notes Series 2010-A ("Series 2010-A Notes") in a private offering and sale to institutional purchasers through UBS Securities LLC and BB&T Capital Markets. ..........................
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