Legal Structure

Offerings Legal Structure

The investment contract for HiYield Offerings is a Borrower-Payment-Dependent-Note between investors and a bespoke SPV holding the underlying collateral. Specific legal documents for a given offering can be found in the HiYield application when reviewing the respective offering. The collateral behind each offering is held in a separate SPV managed by WSFS Bank (Wilmington Trust), and all trades are executed through Raymond James.