New York Office
Howard Goldwasser has a broad range of transactional experience with a focus on structured finance and the securitization of both traditional and non-traditional asset classes, including CLOs and CDOs, “fintech” assets, credit card and other consumer loan receivables, trade receivables, airline ticket receivables, drug and music royalty receivables and covered bonds.
His clients include investment banks, commercial banks, non-bank lenders and investment managers.
Howard is recognized as a market-leading lawyer, in particular in the U.S. CLO space. He has advised on the structuring of U.S. CLOs and CDOs since the emergence of the U.S. CLO and CDO markets in the mid-1990s and was among a small group of pioneering lawyers to advise both arrangers and collateral managers in the first “CLO 2.0” transactions that emerged as markets recovered from the 2008-2009 financial crisis. His work there included innovative approaches to compliance with securitization risk retention, in particular with respect to the creation of so-called “CMVs” (capitalized management vehicles) and “C-MOAs” (capitalized majority-owned affiliates) designed to enable CLO managers to source third-party debt and equity to facilitate compliance with both the U.S.'s and the European Union's securitization risk retention rules. He was also an innovator in the area of CLO warehousing, where he designed traditional and non-traditional warehousing programs for CLO arrangers.
Howard also represents banks and non-bank lenders on syndicated and bilateral financings, senior secured term loan financings, receivables- and other asset-based financings, in particular, and both issuers and underwriters in many credit card securitizations.