Honigman Represents Rapid Financial Services in Issuance of $130 million Asset-Backed Notes

Honigman represented Rapid Financial Services, a Bethesda, Maryland-based specialty financial services company and Rockbridge Growth Equity portfolio company in a $130 million issuance of five classes of Series 2025-1 Asset-Backed expandable term notes. Rapid Financial Services provides working capital to small and mid-sized businesses.

The transaction represents the second series of notes issued by RFS Asset Securitization V, LLC and the seventh notes issuance sponsored by Rapid Financial Services.

Read the rating agency transaction press release here.

The Honigman deal team that advised Rapid Financial Services was led by Finance partner Michelle Bleda Drew and Corporate partner Steven J. Migliore with Finance associates Jacob P. Stropes, Lauren Legner, and Kylie M. Densmore-Slinkman. The transaction was also supported by partners Brandy Bruyere (Regulatory), Glenn Walter (Bankruptcy), Jeff Kuras (Public Company, Securities), James H. Combs and V. Sheridan DuPont (Tax) and S. Tony Ling (ERISA).