Equify Financial closed its second asset-backed securitization (ABS), issuing $153.4 million in securities. The senior Class A notes earned a AAA rating from DBRS Morningstar.
The securitization features a capital structure rated from AAA to BBB. The proceeds will be used to fund new originations, enhance liquidity and further support the company’s growth in equipment finance.
ATLAS SP served as sole structuring agent and active joint bookrunner, and Texas Capital Securities served as joint bookrunner.
“This securitization represents a major achievement for Equify Financial. Earning our first AAA rating on the senior Class A notes is a testament to the strength of our platform, disciplined underwriting and portfolio performance,” Pat Hoiby, CEO of Equify Financial, said. “The strong investor demand and support from top-tier partners like ATLAS SP and Texas Capital Securities signal confidence in our long-term strategy. With this transaction, we are well-positioned to continue delivering flexible financing solutions to our customers.”
“This securitization is an important milestone for Equify Financial in earning its first-ever AAA rating and demonstrates the continued strength of its partnership with ATLAS SP,” Thomas Pai, head of auto and equipment origination at ATLAS SP, said. “We are pleased to build on last year’s inaugural securitization and provide the company with financing that will help them continue to deliver innovative capital solutions to their customers and advance their business goals.”
