Mayer Brown has acted for Barclays, Bank of America Merrill Lynch, HSBC and NatWest Markets as Joint Arrangers and Joint Lead Managers in the £472.9 million auto loan securitisation issued by Globaldrive Auto Receivables UK 2017-A plc ("Globaldrive"). 

The transaction involved the issuance by Globaldrive of £350 million of Class A Notes, £36.4 million of Class B Notes and £86.6 million of Class C Notes and backed by a portfolio of UK retail auto hire purchase receivables, purchased by Globaldrive from FCE Bank plc, which is part of the Ford Motor Company. 

The Mayer Brown team was led by Structured Finance and Securitisation partner David O’Connor and included Banking & Finance senior associate Noman Ali and associate Jaime Lad; and Tax Transactions & Consulting partner Sandy Bhogal and senior associate Ben Fryer.