Schulte Advises Hildene Under $311 Million TruPS Securitization

Schulte Roth & Zabel advised Hildene Structured Advisors, LLC, an affiliate of Hildene Capital Management, LLC, a diversified institutional asset manager focused on asset-based and credit opportunities, in its sixth new issue securitization of trust-preferred securities (TruPS ). The $311 million transaction is backed by collateral that Hildene obtained from liquidations of earlier securitizations and on the secondary market and the issue’s largest tranche received a “AAA” rating from the Kroll Bond Rating Agency and a “Aaa” rating from Moody’s Investors Service Inc.

Schulte’s Finance Group was led by partners Adam Singer and Daniel Oshinsky, with associates Matt Arace and Kelly Sloan, Tax partner Andi Mandell and Tax associate Hannah Hollingsworth.