White & Case advises CSC on Stellantis Bank`s €475 million auto loan securitisation

Global law firm White & Case LLP has advised CSC Trustees GmbH (CSC) as trustee on a €475 million asset-backed securities (ABS) transaction of auto loan receivables originated by Stellantis Bank, German branch (Stellantis).

"White Case advised CSC as trustee on Stellantis' €1 billion securitisation of auto lease receivables earlier this year and has now also supported CSC on the auto loan securitisation," said partner Dennis Heuer, who co-led the Firm's deal team.

The bearer bonds have a total nominal value of €475 million and are secured by auto loan receivables originated by Stellantis. The issuer is Luxembourg special purpose vehicle Ecarat DE S.A., Compartment 2025-2. The bonds have been rated by DBRS and Fitch Ratings.

All bonds will be listed on the official list and admitted to trading on the regulated market of the Luxembourg Stock Exchange.

The White & Case team which advised on the transaction was led by partner Dennis Heuer (Frankfurt) and local partner Claire-Marie Mallad (Frankfurt) and included partner Ingrid York (London), counsel Alexander Born (Frankfurt) and transaction lawyer Bojan Bajalovic (Frankfurt).

Press contact
For more information please speak to your local media contact.