Securitization

Textainer Prices $651MM Asset-Backed Financing

Textainer Marine Containers VII Limited (TMCL VII), an indirect, wholly-owned subsidiary of Textainer, priced a new debt offering of $651 million of fixed-rate asset-backed notes, comprised of $605 million in Class A notes and $46 million in Class B notes. read more

North Mill Closes Largest Securitization in Company History at Nearly $236.6MM

North Mill Equipment Finance closed its fourth commercial equipment backed securitization, NMEF Funding 2021-A. The $236.588 million ABS issuance, North Mill’s largest, featured five tranches of notes, achieving a roughly 86% advance rate through the Class D note. read more

Global Jet Capital Completes Fifth ABS Offering, Raises $663MM

Global Jet Capital, a global provider of financial solutions for business aircraft, closed its BJETS 2021-1 securitization, raising approximately $663 million. BJETS 2021-1 is Global Jet Capital’s fifth ABS offering. read more

Centra Funding Closes $65MM Securitization

Centra Funding completed its first securitization of equipment finance receivables, Centra Funding 2021-1. The proceeds from this securitization amount to approximately $65 million. read more

KBRA Assigns Preliminary Ratings to North Mill Equipment Finance’s Fourth Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by NMEF Funding 2021-A. The notes are newly issued asset-backed securities backed by a portfolio of equipment leases and loans. NMEF 2021-A is North Mill Equipment Finance’s fourth equipment ABS. read more

Stonebriar Commercial Finance Closes Eighth Asset-Backed Securitization

Stonebriar Commercial Finance closed its eighth asset-backed securitization, SCFET 2021-1. The ABS issuance is secured by a portfolio of commercial equipment loans and leases with an aggregate discounted contract balance of more than $1 billion. read more

Commercial Credit Group Closes $327.821MM Term ABS

Commercial Credit Group, an independent commercial equipment finance company, closed a 144a privately-placed term asset-backed security (ABS) transaction. The $327.821 million financing was placed with a group of fixed income investors, representing 23 unique institutions. read more

Fleetscape Capital Enters New Securitization Facility with Macquarie

Fleetscape Capital entered into a financing structure with Macquarie Bank that is based on securitization principles and enables Fleetscape to offer sale-and-leaseback or unitranche financing on competitive terms. read more

GreatAmerica Financial Services Closes 20th Term Securitization

GreatAmerica Financial Services completed a term securitization of $631.5 million in privately placed bonds with institutional investors, marking the company’s 20th such securitization. read more

Crossroads Equipment Lease & Finance Closes First Equipment Securitization

Crossroads Equipment Lease & Finance priced its $163 million ABS debut to solid demand, reducing its cost of borrowing and enabling expanded funding options. The ABS is backed by commercial truck loans. read more

KBRA Assigns Preliminary Ratings to Stonebriar Equipment Leasing ABS

Kroll Bond Rating Agency (KBRA) assigned preliminary ratings to eight classes of notes issued by SCF Equipment Leasing 2021-1 and SCF Equipment Leasing Canada 2021-1. The notes are newly issued asset-backed securities (ABS) backed by a portfolio of equipment leases and loans. read more

Triton International Completes $502.9MM Offering of Fixed Asset-Backed Notes

Triton International completed an offering of $479.1 million fixed rate asset-backed series 2021-1 Class A notes at an annual yield of 1.658% and $23.8 million fixed rate asset-backed series 2021-1 Class B notes at an annual yield of 2.558%. read more

KBRA Assigns Preliminary Ratings to InStar Leasing Railcar Securitization

Kroll Bond Rating Agency assigned preliminary ratings to InStar 2021-1 Class A notes, Class B notes and Class C notes issued by InStar Leasing III, a railcar leasing securitization. read more

KBRA Assigns Preliminary Ratings to Castlelake’s Seventh Aircraft Portfolio Transaction

Kroll Bond Rating Agency assigned preliminary ratings to two classes of notes issued by Castlelake Aircraft Structured Trust 2021-1, an aviation ABS transaction. This transaction represents Castlelake’s seventh aircraft portfolio transaction, each of which were rated by KBRA. read more

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

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