Sidley represented KKR’s credit funds and accounts in connection with the purchase of a US$7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association. Simultaneously with the acquisition, BMO purchased approximately US$6.4 billion of senior notes collateralized by the sold loans. BMO will remain the servicer of the loans and will continue to originate and manage RV loans.
The team was led by Megan H. Roberts, T.J. Gordon, and Nicholas M. Schwartz (Global Finance), with assistance from Kaylee Bean, Becca Dyson, Kristi Richardson, and Sally K. Jordan (Global Finance); Ash Nagdev and Philip I. Robbins (Privacy and Cybersecurity); Richard M. Silverman (Tax); Carla Teodoro (1940 Act); and Beth Dickstein (ERISA).
The team was led by Megan H. Roberts, T.J. Gordon, and Nicholas M. Schwartz (Global Finance), with assistance from Kaylee Bean, Becca Dyson, Kristi Richardson, and Sally K. Jordan (Global Finance); Ash Nagdev and Philip I. Robbins (Privacy and Cybersecurity); Richard M. Silverman (Tax); Carla Teodoro (1940 Act); and Beth Dickstein (ERISA).
