Reed D. Auerbach

Reed advises underwriters and issuers in connection with both domestic and cross-border public and private offerings of asset-backed and mortgage-backed securities involving a wide variety of assets, collateralized loan obligations and related interim warehouse financings, asset-backed commercial paper conduits, whole loan purchases, repurchase agreements, derivative transactions, and residual financings.

Reed’s securitization experience includes solar panel loans and leases; student loans; prime and nonprime auto loans; auto leases; equipment; leases; servicing rights; unsecured consumer and commercial loans, including such loans originated on marketplace lending platforms; commercial real estate loans; middle-market loans; home equity loans; royalty streams and other intellectual property rights; dealer floor plan receivables; telecommunication receivables; litigation settlement fees; Australian mortgage loans; manufactured housing contracts; recreational vehicle loans; recreational boat loans; commercial tugboat and barge loans; reverse mortgages; credit card receivables; and insurance premium finance agreements.

Reed co-authored the industry’s primary treatise, Offerings of Asset-Backed Securities, Wolters Kluwer Publishers.

• Counsel to the issuer in connection with the first term US securitization of device payment plans and the first publicly registered issuance of notes backed by device payment plan receivables
• Counsel to the issuer in connection with the first ABS “green bond”
• Counsel to the swap counterparty in connection with a synthetic auto loan securitization
• Counsel to the issuer in connection with first issuance of asset-backed reset rate notes
• Worked with a student loan provider to draft what ultimately became the DOE’s program to restore liquidity to the student loan market
• Counsel to a financial services firm in connection with the acquisition of a bank from the FDIC
• Counsel to several hedge funds in connection with the acquisition of distressed mortgage loans and RMBS
• Counsel to a private equity firm in connection with the acquisition financing of a healthcare equipment company
• Counsel to a private equity firm in connection with the acquisition of a distressed credit card company
• Counsel to an investment bank in connection with the restructuring of auction rate securities
• Counsel to a financial services firm in connection with the development and facilitation of alternative financing options that resulted in a multibillion-dollar secured loan transaction
• Counsel to a financial services firm in connection with a groundbreaking 20-year, multibillion-dollar committed securities-based financing facility structured as a total return swap
• Counsel to financial services company in connection with the sale of its consumer loan business
• Counsel to a student loan provider in a multibillion-dollar total return swap to finance private credit student loan ABS
• Counsel to a financial services firm in connection with the multibillion-dollar sale of its home lending business to a private equity firm