Securitization

KBRA Assigns Preliminary Ratings to Octane Receivables Trust 2022-2

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by Octane Receivables Trust 2022-2 (OCTL 2022-2), a powersports equipment loan ABS transaction. OCTL 2022-2 will issue four classes of notes totaling $300 million. read more

Channel Closes $163MM Equipment Finance Securitization

Channel completed its first equipment finance securitization, a $163 million issuance of asset-backed notes collateralized by a diverse portfolio of equipment receivables. read more

KBRA Assigns Preliminary Ratings to Channel’s First Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to three classes of notes issued by CP EF Asset Securitization I, Series 2022-1, which represents Channel Partners Capital’s first equipment ABS following the company’s inaugural ABS transaction. read more

Commercial Credit Group Closes $420.65MM Term ABS

Commercial Credit Group, an independent commercial equipment finance company, completed a $420.65 million term asset-backed security (ABS) transaction. The securitization is CCG’s largest offering to date. read more

KBRA Assigns Preliminary Ratings to Marlin Leasing’s 12th Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to six classes of notes issued by Marlin Receivables 2022-1 (Marlin 2022-1), an equipment asset-based securitization transaction of Marlin Leasing. Marlin 2022-1 represents Marlin Leasing’s 12th equipment ABS. read more

KBRA Assigns Preliminary Ratings to Encina Equipment Finance 2022-1

KBRA assigned preliminary ratings to six classes of notes issued by Encina Equipment Finance 2022-1, LLC (Encina 2022-1), an equipment ABS transaction. read more

Global Jet Capital Raises $609MM Through Newly Completed Securitization

Global Jet Capital closed its BJETS 2022-1 securitization, raising approximately $609 million. BJETS 2022-1 is Global Jet Capital’s sixth asset-backed security offering, bringing the company’s total assets securitized to approximately $4.4 billion. read more

Octane Closes $375MM ABS Transaction Secured by Powersport Equipment Loans

Octane, a financial technology company providing financing for recreational vehicles, closed a $375 million securitization (OCTL 2022-1), which is collateralized by fixed-rate installment powersports and outdoor power equipment loans. read more

DLL Closes 10th US Securitization Transaction at $837MM

DLL closed DLLST 2022-1, a U.S. securitization transaction issuing notes totaling $837 million. The notes are backed by loans and leases secured by office equipment and technology solutions. The transaction is DLL’s 10th U.S. securitization transaction. read more

KBRA Assigns Preliminary Ratings to MassMutual Asset Finance’s 17th Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by MMAF Equipment Finance LLC 2022-A, an equipment asset-backed security transaction sponsored by MassMutual Asset Finance. read more

North Mill Equipment Finance Prices its Largest Securitization at $371.07MM

North Mill Equipment Finance closed its fifth commercial equipment-backed securitization (ABS), NMEF Funding 2022-A. The $371.07 million transaction represents North Mill’s largest ABS issuance to date, surpassing its $236.588 million ABS issuance in March 2021. read more

Credit Readings Across Securitized Equipment Lease Pools Improve in February

According to Kroll Bond Rating Agency’s February equipment loan and lease indices, remittance reports showed improving credit readings across securitized equipment loan and lease pools. read more

Risk of Interruptions for ABS Transactions Increased Due to Russia-Ukraine Conflict

According to Kroll Bond Rating Agency, there is risk of potential cash flow interruptions in ABS lease backed securities transactions that could result from the mounting tensions between Ukraine and Russia. read more

KBRA Assigns Preliminary Ratings to Equipment ABS from North Mill Equipment Finance

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by NMEF Funding 2022-A, an equipment ABS transaction from North Mill Equipment Finance. read more

KBRA Assigns Preliminary Ratings to Varilease Inaugural Securitization

KBRA assigned preliminary ratings to four classes of notes issued by VFI ABS 2022-1, LLC, the first equipment ABS transaction of Varilease Finance. read more

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