Publically owned specialty retailer servicing a generally low-income customer base
Issues -- The company had established a proprietary credit card program which allowed its customer base to charge purchases; this was financed through a maser trust structure which issued multiple tranches and multiple classes of debt.
Solution -- Engaged over a multi-year period to provide capital markets advice and assist in structuring appropriate levels and tranches to best access both the public and private capital markets. This ensured both adequate access to capital but also resulted in substantial cost savings.