GreatAmerica Closes $747MM Equipment Finance Securitization
GreatAmerica closed its $747.9 million asset backed securitization. The transaction is collateralized by a pool of contracts originated through GreatAmerica’s commercial equipment finance business. The securities were issued in multiple classes, with 93.4% of the bonds rated AAA by S&P and Fitch, which is unchanged from the prior eleven transactions. The securitized pool consists of equipment leases and loans across a diversified range of industries and asset types, including office imaging, light industrial and construction equipment, franchise financing and other business-critical equipment categories. The portfolio...
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