Sonnenschein's Capital Markets Practice represents virtually every banking and financial institution that is active in the financing, purchase and securitization of financial assets. The Capital Markets Practice at Sonnenschein also represents every type of market participant, including issuers, investors, liquidity providers, lenders and conduits, in the U.S. and beyond.
Sonnenschein held top positions in 2009 as issuer and underwriters' counsel as reported in Asset-Backed Alert:
- ABS / MBS
- 1st - Counsel to issuers with 42 transactions valued at $17.6 billion
- 2nd - Counsel to underwriters with 39 transactions valued at $15.9 billion
Thomson Financial also ranked Sonnenschein prominently across the industry's league tables.
- Asset-Backed Securities
- 7th by issue number (tie) in U.S. - Counsel to issuers with 5 transactions valued at $893 million
- 4th by issue number and 13th by deal size in U.S. - Counsel to managers with 7 transactions valued at $1.2 billion
- Mortgage-Backed Securities
- 1st by issue number (tie) and 3rd by deal size in U.S. - Counsel to issuers with 4 transactions valued at $518 million
- 1st by issue number (tie) and 5th by deal size and in U.S. - Counsel to managers with 4 transactions valued at $518 million
Sonnenschein's Capital Markets attorneys originated many of the advances in the structured finance industry and have a notable record of accomplishments, including:
- Formulating every significant innovation in the secondary mortgage market
- Helping to develop the senior / subordinated structure for mortgage-backed securities, and creating the shifting interest structural refinement that remains the industry standard
- Filing the first commercial mortgage-backed securities shelf registration statement, and representing the issuer in the first take down off that shelf
- Representing the first major Wall Street commercial mortgage loan conduit purchaser, and the underwriter in the first Fannie Mae ACES™ multifamily swap
- Devising standard forms of participation and servicing agreements, as well as pooling and servicing agreements, that are all widely used in the secondary mortgage market
Our Capital Markets services encompass a range of areas and disciplines, including:
Click here to view the full Capital Markets practice description at Sonnenschein.
