Free Writing Prospectus

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What is the purpose of a company filing a free writing prospectus for senior secured securitization bonds? Are they issuing more shares? Consolidating debt? Protecting their shareholders from poor performance? About to be bought? Filing bankruptcy? Why do they do this?

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Bonds are debt that is being issued. “Securitized” means that some other type of debt is being packaged up and sold as bonds. Without a link to the prospectus, it is tough to figure out what is being packaged up and sold to who.