North Mill Announces $456MM Term Securitization

North Mill Equipment Finance closed its seventh asset-backed securitization, NMEF Funding 2023-A. read more

CNH Industrial Capital Closes $500MM of 5.5% Notes

CNH Industrial Capital completed its previously announced offering of $500 million in aggregate principal amount of 5.5% notes due 2029, with an issue price of 99.399%. read more

KBRA: Private Credit ABS Volume Continues at Healthy Clip

According to new research from Kroll Bond Rating Agency, private asset-backed securities as a proportion of KBRA’s total ABS rating assignments have routinely approached or exceeded 25% of the transaction mix dating back to 2020. read more

KBRA Assigns Preliminary Ratings to North Mill Equipment Finance ABS

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by NMEF Funding 2023-A, an equipment asset-backed securitization. NMEF 2023-A represents North Mill Equipment Finance’s seventh equipment ABS. read more

Verdant Commercial Capital Closes Inaugural 144a Term Securitization at $251MM

Verdant Commercial Capital closed its initial 144a term securitization, VERD 2023-1, which issued notes totaling $251.253 million that are backed by a portfolio of equipment leases and loans. read more

DLL Closes $1B Securitization Backed by AGCO Finance Leases and Loans

DLL closed DLLAA 2023-1, a U.S. securitization transaction, issuing notes totaling $1 billion. The notes are backed by loans and leases secured with new and used agricultural equipment originated by AGCO Finance, a joint venture between DLL and AGCO. read more

KBRA Rates Verdant Commercial Capital’s First Public Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Verdant Receivables 2023-1 LLC (Verdant 2023-1), an equipment ABS transaction from Verdant Commercial Capital. Verdant 2023-1 represents the company’s first public equipment ABS transaction. read more

Channel Completes $85MM ABS Securitization

Channel, a lender specializing in equipment finance and working capital, completed its third working capital backed securitization, a significant milestone for the company. The $85 million issuance of asset-backed notes is collateralized by small business loans and advances across a wide range of industries. read more

KBRA Assigns Preliminary Ratings to MassMutual Asset Finance’s 19th Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by MassMutual Asset Finance Equipment Finance 2023-A (MMAF 2023-A), MassMutual Asset Finance’s 19th equipment ABS transaction. read more

KBRA Assigns Preliminary Ratings to Channel Partners Capital’s Third Small Business ABS

Kroll Bond Rating Agency assigned preliminary ratings to four classes of Series 2023-1 notes issued by CPC Asset Securitization II, which will issue four classes of Series 2023-1 notes totaling $85 million. This represents Channel Partners Capital’s third small business ABS securitization. read more

North Mill Equipment Finance Wins GlobalCapital US Securitization Award

North Mill Equipment Finance won the GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. read more

Vedder Price Advises Maritime Partners on $235.3MM Securitization

Vedder Price represented Maritime Partners as sponsor in MP 2023-1, a term securitization transaction involving the issuance of $235.3 million of secured vessel notes secured by a portfolio of 316 inland marine barges and towboats. read more

European Auto ABS Market Accelerating Toward Green Energy

According to a report from Kroll Bond Rating Agency UK, there has been an increase in the amount of hybrid and battery electric vehicles included within securitization collateral pools in the European auto market. read more

DLL Closes Second US Securitization Transaction of 2023 at $850MM

DLL closed DLLMT 2023-1, the company’s second U.S. securitization transaction this year, issuing notes totaling $850 million. The transaction was rated F1+/P-1 or AAA/Aaa by Fitch Ratings and Moody’s, respectively. read more

GreatAmerica Financial Services Closes 23rd Securitization at $549.277MM

GreatAmerica Financial Services closed its 23rd securitization of $549.277 million in privately placed bonds. S&P Global Ratings and Fitch Ratings rated 93.4% of the bonds in the transaction as AAA, the same as the company’s six prior transactions. read more

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