GE Capital A$6 billion warehouse securitisation


A$ 6 billion




  • GE Capital has undertaken a A$6 billion warehouse securitisation of its consumer assets.
  • The deal was called Project Clarendon.
  • This was the largest securitisation in Australia in 2015 and involved the warehouse securitisations of GE assets (including personal loans, auto loans, mortgages, credit cards and interest-free finance) acquired by a consortium comprising KKR, Värde Partners and Deutsche Bank.  
  • Senior warehouse financiers were comprised of CBA, NAB, Westpac, Citibank, Bank of America, Credit Agricole, Sumitomo Mitsui Banking Corporation and Royal Bank of Canada and the mezzanine warehouse financiers were comprised of Bank of America, Sankaty Advisors, Credit Suisse, IFM, AustralianSuper, United Super and Victorian Funds Management Corporation.

Katrin Kostadinova - Data analyst 



Deal type:


Practice area:

Capital markets : Structured finance and securitisation

Governing law:


Industry sector:

Financial services


Party: CBA (Senior lender)

Party: National Australia Bank - NAB (Senior lender)

Party: Westpac (Senior lender)

Party: Citibank (Senior lender)

Party: Bank of America (Senior lender)

Party: Credit Agricole (Senior lender)

Party: Sumitomo Mitsui Banking Corporation (Senior lender)

Party: Royal Bank of Canada (Senior lender)

Party: Bank of America (Mezzanine lender)

Party: Sankaty Advisors (Mezzanine lender)

Party: Credit Suisse (Mezzanine lender)

Party: IFM Investors (Mezzanine lender)

Party: AustralianSuper (Mezzanine lender)

Party: United Super (Mezzanine lender)

Party: Victorian Funds Management Corporation (Mezzanine lender)