Securitization

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

Commercial Credit Group Closes $326.9MM Term ABS (2020-1)

Commercial Credit Group closed its 12th asset-backed security transaction, bringing total offerings to nearly $3 billion. BMO Capital Markets served as structuring agent and lead bookrunner for the placement. read more

KBRA Assigns Preliminary Ratings to Stonebriar’s Equipment Contracted Backed Notes

Kroll Bond Rating Agency assigned preliminary ratings to eight classes of notes from Stonebriar Commercial Finance. The notes are newly issued asset-backed securities backed by a portfolio of equipment leases and loans. read more

Amur Equipment Finance Closes Eighth Term Securitization

Amur Equipment Finance closed its eighth term securitization, in which it issued $226.3 million in notes secured by small- and mid-ticket equipment loans and leases. read more

DBRS Morningstar Confirms Balboa Capital Equipment ABS Ratings

DBRS confirmed 11 ratings on securities issued by three equipment lease and loan securitization transactions sponsored by Balboa Capital Corporation. read more

Fitch Revises U.S. Equipment Lease ABS Outlook to Negative

Fitch Ratings has revised its 2020 asset performance outlook for equipment lease ABS to negative from stable due to the economic effects of the coronavirus. read more

GreatAmerica Completes 19th Term Securitization

GreatAmerica Financial Services completed its 19th term securitization of $656.4 million in privately placed bonds with institutional investors. read more

Moody’s and KBRA Upgrade Ratings on Stonebriar’s ABS

Stonebriar Commercial Finance announced several rating upgrades published by both Kroll Bond Rating Agency and Moody’s Investors Service on its various asset-backed securities. read more

Avolon Closes $620MM Fixed Rate Notes by Sapphire 2020-1 Platform

Avolon Holdings closed a total of $620 million of fixed rate notes, representing lowest debt yield of any aircraft ABS issuance over the last decade. read more

North Mill Equipment Finance Closes $164MM Securitization

North Mill Equipment Finance closed its third commercial equipment asset backed securitization, NMEF Funding 2019-A, at $164 million. read more

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