Loyens & Loeff is deal counsel for Athlon’s Silver Arrow NL securitisation
New STS car lease securitisation by Athlon Car Lease Nederland B.V.
On 16 June 2021 Silver Arrow Athlon NL 2021-1 B.V. issued EUR 667,600,000 in notes. Athlon’s Silver Arrow NL securitisation is Athlon Car Lease Nederland B.V. (Athlon) its first car lease securitisation under the Silver Arrow securitisation program of Daimler AG. The Silver Arrow NL securitisation is intended to meet the STS (simple, transparent and standardised) requirements under the Securitisation Regulation. Institutional investors in notes issued under securitisations meeting the STS requirements have the benefit of enhanced capital requirements. Loyens & Loeff as deal counsel for Athlon drafted the documentation in consultation with Athlon and Daimler AG, the joint lead managers ING and BofA Securities and their counsel and the STS third party verification agent SVI.