Securitization

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

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

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