Atherton Capital Announces Successful Conclusion of $105 Million Franchise Loan Transaction.Business Editors SAN BRUNO San Bruno (săn br  `nō), city (1990 pop. 38,961), San Mateo co., W Calif., a suburb on San Francisco Bay; inc. 1914. There is light manufacturing and petroleum refining. , Calif.--(BUSINESS WIRE)--Oct. 23, 2000 National Franchise Business Lender Credits Ongoing Servicing, Maintenance and Unique Enhancement Feature for Success Atherton Capital Incorporated (ACI ACI American Concrete Institute ACI Arch Coal Inc ACI Airports Council International (formerly Airport Associations Coordinating Council) ACI Automobile Club d'Italia ACI American Competitiveness Initiative ) announces the full amortization of Video Franchise Capital Trust, 1993-1, a privately placed $105 million franchise loan securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. . All institutional debt holders were paid timely and in full. ACI structured the transaction, which was rated by Duff & Phelps and placed with institutional buyers by Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. in 1993. It is believed that VFCT VFCT Voice Frequency Carrier Telegraph VFCT Voice Frequency Control Teletype VFCT Variable Frequency Carrier Teletype/Telegraph is the first franchise loan securitization to come full term from inception to successful amortization. "Although the ongoing servicing, reporting and maintenance of a 132 store financing is not without its moments, the structure as envisioned and the documents as drafted performed at levels exceeding expectations," reported Arthur P. Brazy, Jr., president of Atherton. "This transaction opened up the capital markets to securitizing loans made to operators of national branded retail franchise concepts." The transaction was structured using a unique self-enhancement feature whereby borrowers relied on one another and met quarterly to resolve issues within the portfolio that arose over time. The success of this initial transaction structure and securities offering allowed two subsequent similarly-structured video transactions to be placed in the capital markets. Those transactions are currently performing at the same high level. Atherton Capital Incorporated, a privately-held San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden based specialty commercial finance company, is focused on providing loan products, equity placements and advisory and intermediary services for the complete range of growth opportunities for owners, franchisees and investors in branded retail businesses. Financing programs include debt refinancing and acquisition of existing units, real estate acquisitions, equipment purchases, leasehold improvements and equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
Atherton has provided business and franchise financing nationally to operators of quick service and casual dining restaurants, gas stations and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , lube centers, video stores and other specialty retail outlets. The company has funded over $1.2 billion in loans and recently celebrated its 11-year anniversary. Atherton originates loan products serving 10 regions through 13 locations, including Atlanta, Boston, Chicago, Denver, Houston, Indianapolis, Los Angeles, Kansas City, Minneapolis, San Diego, San Francisco, Seattle and Washington, D.C. For more information regarding Atherton Capital please visit our website at www.atherton.net. |
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