Amur Issues $250.9MM in Notes in Sixth Term Securitization



Amur Equipment Finance completed its sixth term securitization and second securitization this year. A total of $250.944 million in rated securities secured by equipment leases and loans originated by AmurEF were issued, representing a 27% increase over AmurEF’s February securitization, with $239.703 million receiving an investment grade rating from DBRS.

KeyBanc Capital Markets served as structuring agent, bookrunner and lead manager on the securitization. The Williams Group served as co-manager.

“We are very excited about the number of repeat and new investors that participated in our second securitization this year – all classes of notes were several times oversubscribed. This high level of interest validates the investments that we have made in the company over the last several years and positions us to continue our strong and sensible growth trajectory,” said Mostafiz ShahMohammed, AmurEF CEO and Amur Finance founder and chairman.

The second securitization of 2018 was made possible by AmurEF’s very strong 2018 originations growth. Its monthly origination volume averaged over $30 million through the first three quarters of 2018, a 70% increase from 2017.

“Thanks to the investments we have made across our platform, we’ve been able to seamlessly process our increased volume without any adjustment to our operational processes. We are now routinely processing over 2,000 applications a month, while still maintaining our diligent credit and underwriting standards. Even better, we have been able to do this while maintaining our spread in the face of rising rates,” said Kalyan Makam, AmurEF board member and EVP of Capital Markets for Amur Finance.

In total, AmurEF has issued over $1 billion in secured notes across six securitizations since 2012.

Amur Equipment Finance is a nationally ranked independent equipment finance provider which offers customized capital financing programs to support its network of over 15,000 vendors and other partners. AmurEF is a subsidiary of New York-based Amur Finance, a global diversified holding company with over $800MM in assets.

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