Amur Equipment Finance completed its 14th term securitization, in which it issued $476.25 million in notes secured by equipment loans and leases originated through its platform. The transaction saw strong demand across all classes and was several times oversubscribed. Truist Bank served as sole structuring agent and lead bookrunner, with BMO and Bank of America serving as joint bookrunners.
“Amur’s success is a credit to the quality of its partnerships,” Kalyan Makam, CEO of Amur, said. “At Amur, we know we can only succeed when our partners do. On behalf of our 300 employees, I would like to express our sincere gratitude to our customers, origination partners, investors and bank partners for their faith in us and the critical role that they have played in our success.”
This transaction comes during a period of record origination volume for Amur, with over $500 million originated during the first six months of 2024. This transaction also represents the strongest collateral pool by nearly every metric, including weighted average FICO, percentage of super-prime borrowers and diversification of equipment and industry classifications.
“We are thrilled to have the support of over 30 repeat investors, as well as seven new investors,” Makam said. “Thank you to our partners at Truist, BMO and Bank of America; this was a great transaction for us in which our ‘no short cuts’ approach to origination, decisioning and servicing helped to distinguish us in a crowded marketplace.”
