Cases & Deals

Citi completes first securitisation of SME loans for Defacto

Client(s) Citi

Jones Day assisted Citi, as senior lender, in connection with the securitization by Defacto of SME loans through a fonds commun de titrisation (FCT). The securitization provides for a borrowing base financing with a senior and mezzanine tranche backed by SMEs loans originated by Defacto to accompany the growth of its activity in France and Germany notably. The mezzanine tranche will be subscribed by Viola Credit, a global credit fund focused on the innovation economy.