Ropes & Gray also advised on the first ever handset securitization seen in the UK, which provides up to £125m of ‘AA’ equivalent senior funding.
As the first securitization of this asset class in the UK, the deal posed a number of unique legal and commercial challenges and Ropes & Gray worked closely with Virgin Media to develop solutions to these issues while maintaining operational flexibility.
The Ropes & Gray team that advised on this deal was led by securitization partner Chris McGarry (Picture) and associate James Jirtle.
Law Firms: Ropes & Gray;
Clients: Virgin Media;