Securitization

Dext Capital Closes Inaugural Securitization

Dext Capital closed its inaugural securitization of loans and lease contracts. According to Dext, the company’s initial offering was oversubscribed and well received by the market. read more

Balboa Capital Completes $201MM Securitization

Balboa Capital closed its seventh equipment asset-backed securitization, a $201 million issuance. Truist Securities served as structuring agent and was an initial purchaser of the notes and co-lead along with Credit Suisse Securities. read more

Global Container International Completes $244.5MM Asset-Backed Securitization

Global Container International, through its subsidiary GCI Funding I, issued $244.5 million of fixed rate asset-backed bonds secured by marine cargo containers subject to long-term lease. read more

KBRA Preliminarily Rates Dext Capital’s First ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by Dext ABS 2020-1, the first equipment ABS transaction from Dext Capital. read more

KBRA Assigns Preliminary Ratings to GCI Funding Notes

Kroll Bond Rating Agency assigned preliminary ratings to the 2020-1 Class A and Class B notes issued by GCI Funding, a container leasing securitization, which is collateralized by a portfolio of 102,215 containers with a net book value of $290.1 million. read more

KBRA Assigns Preliminary Ratings to Balboa Capital’s Seventh ABS

Kroll Bond Rating Agency assigned preliminary ratings to six classes of BCC Funding XVII LLC, Series 2020-1, an equipment loan and lease securitization. The transaction represents the seventh equipment asset-backed securities transaction sponsored by Balboa Capital. read more

KBRA Assigns Preliminary Ratings to Trinity Rail Leasing Series 2020-2 Notes

Kroll Bond Rating Agency assigned preliminary ratings to Trinity Rail Leasing 2020, Series 2020-2 Class A-1 notes, Class A-2 notes and Class B notes issued by Trinity Rail Leasing 2020, a railcar leasing securitization. read more

KBRA Assigns Preliminary Rating to Trinity Rail Leasing Class A Notes

Kroll Bond Rating Agency assigned a preliminary rating to the Series 2020-1 Class A notes issued by Trinity Rail Leasing 2018 LLC, a railcar leasing securitization. The issuer is a special purpose entity and wholly-owned subsidiary of Trinity Industries Leasing. read more

Chesswood’s Pawnee Leasing Closes Second Marketed Securitization at $183MM

Chesswood Group’s subsidiary Pawnee Leasing closed its second marketed U.S. securitization of receivables. Proceeds from this securitization were $183 million and will be used to repay Pawnee’s two non-recourse asset-backed facilities with Capital One, among other purposes. read more

Textainer Announces $829MM Asset-Backed Financings

Textainer Group Holdings announced that Textainer Marine Containers VII Limited issued $829 million of fixed-rate asset-backed notes, comprised of $532 million Series 2020-2 Class A Notes, $76 million Series 2020-2 Class B Notes, $213 million Series 2020-3 Class A Notes and $8 million Series 2020-3 Class B Notes. read more

Triton Prices $634MM Fixed Rate Asset-Backed Notes

Triton International priced an offering of $595.5 million fixed rate asset-backed Series 2020-1 Class A notes at an annual yield of 2.068% and $38.9 million fixed rate asset-backed Series 2020-1 Class B notes at an annual yield of 3.318%. read more

Triton International Prices $1.37B Fixed Rate Asset Backed Notes

Triton International priced an offering of $1.3 billion fixed rate asset-backed Series 2020-1 Class A notes at an annual yield of 2.123% and $65.8 million fixed rate asset-backed Series 2020-1 Class B notes at an annual yield of 3.773%. read more

KBRA Assigns Preliminary Ratings to CLI Funding VI, Series 2020-1

Kroll Bond Rating Agency assigned preliminary ratings to the Series 2020-1 Class A and Class B notes issued by CLI Funding VI, a container leasing securitization collateralized by a portfolio of 274,349 containers with a net book value of $1,245.4 million. read more

Textainer Closes $450MM Asset Backed Financing

Textainer Marine Containers VII Limited (TMCL VII) issued $450 million of fixed rate asset backed notes to qualified institutional buyers. The notes comprise of $381 million in Class A and $69 million in Class B Notes rated A(sf) and BBB(sf), respectively, by Standard & Poor's. read more

Stonebriar Closes $572MM Securitization With Strong Demand

Stonebriar Commercial Finance has closed its seventh commercial equipment asset-backed securitization, SCFET 2020-1, a $572 million ABS issuance achieving the highest possible short-term and long-term ratings from Moody’s Investors Service and Kroll Bond Ratings. read more

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