Harlyn Bohensky

Mr. Bohensky regularly counsels on forward flow acquisitions and associated warehouse financings, public and private issuances of asset and mortgage-backed securities, and securities and mortgage repurchase facilities.

His experience spans a wide range of asset classes, including credit card receivables, secured and unsecured personal loans, residential mortgage loans (including reverse mortgage loans and home equity lines of credit), trade receivables, student loans, equipment loans and leases, device payment plan agreements (cell phone contracts), small balance commercial loans, servicing advances, servicing rights and excess servicing fees.

Mr. Bohensky’s clients include companies in the financial services, technology, telecommunications, insurance, investment management, automotive and fintech sectors. He has also played a key role in structuring, negotiating and executing many novel structured finance and securitization transactions. His experience includes using bankruptcy remote financing structures for acquisition finance, as well as developing master trust structures to facilitate the financing and securitization of device payment plan agreements, capital call loans and auto loans.

Among other matters, Mr. Bohensky’s representations prior to joining Skadden include:

• Castlelake in connection with:
  • a $1.5 billion forward flow acquisition and financing of consumer loans originated by Upstart
  • its $1 billion forward flow acquisition and financing of consumer loans originated and sourced through the Pagaya network
  • its equity syndicate’s $1.7 billon forward flow acquisition and financing of credit card receivables
• Verizon:
  • in connection with development of Verizon Master Trust securitization program
  • in its $750 million financing of the risk retention interests issued in the company’s Verizon Master Trust Securitization program
  • as issuer in connection with the registration and sale of asset-backed securities that were previously not publicly offered but retained by Verizon
• Imprint, as issuer, in connection with development of credit card master trust financing and securitization platform
• Credit Suisse:
  • in connection with its $8 billion seller financing for the sale of Credit Suisse’s structured products business to Apollo
  • as lender in multiple financings of Mexican equipment loans and leases
  • as lender in connection with $1.6 billion portfolio acquisition of credit card receivables by CreditShop (now Mercury Financial) from Barclays
• a lender syndicate in connection with its $1.35 billion acquisition and warehouse financing in connection with acquisition of certain assets of One Main by Lendmark
• Carval in connection with the development of a reperforming mortgage loan securitization program
• Nationstar Mortgage in multiple sales and financings of excess servicing fees and servicing advance receivables

In recognition of his work, Mr. Bohensky has been ranked in Chambers Global, Chambers USA, IFLR1000 and The Legal 500 U.S.