...EDI ABS ISSUER 1, LLC and EDI ABS ISSUER 2, LLC comprise a securitization under an existing master trust and follow the 2025-1 and 2026-1 issuances (in 2025 and 2026, respectively). The transaction is a securitization of a portfolio of two hyperscale data centers, one of which was contributed at this issuance, located across two markets. The portfolio totals 62.0 megawatts (MW) and 451,400 sf. The notes will be limited-recourse obligations and secured by mortgages creating first-priority mortgage liens on the asset entities' real property interests in the data centers, and a perfected security interest in the related personal property and fixtures and related reserves/escrows. The issuance will include up to three fixed-rate notes, totaling $521.0 million, with five-year annual repayment dates (ARDs). All notes are interest only (IO) prior to the ARD and have a 30-year legal final maturity. During the ARD tail period, all excess cash flow will be used to hyper-amortize the notes. This issuance...
