Commercial Equipment Finance completed its 3rd term securitization, in which it issued $122.36 million in notes backed by equipment loans and leases originated through its platform. KeyBanc Capital Markets served as sole structuring agent and lead bookrunner, Quadrant Financial Group acted as securitization advisor to Commercial Equipment Finance.
The securitization, issued through the CEFI 2025-1, includes three classes of notes with ratings from Morningstar DBRS ranging from AAA to BBB:
- Class A Notes: $109,203,000, rated AAA (sf)
- Class B Notes: $8,275,000, rated A (sf)
- Class C Notes: $4,885,000, rated BBB (sf)
“These ratings highlight the strength and stability of CEFI’s portfolio and our disciplined approach to equipment financing,” Ricardo A. Rios Bolivar, chairman and CEO of Commercial Equipment Finance, said.
The transaction was oversubscribed, with interest from institutional investors who had invested in CEFI’s previous securitizations as well as first-time Commercial Equipment Finance investors.
“The support from investors underscores confidence in our approach to equipment financing for businesses,” Ricardo E. Rios Flores, president and chief operating officer of Commercial Equipment Finance, said. “Our team is inspired to continue demonstrating the strength and resilience of our business model.”
