Amur Equipment Finance completed its 12th term securitization and issued $377 million in notes secured by equipment loans and leases originated through its platform. Thirty-eight unique investors participated in the transaction, with total orders in excess of three times the total transaction size. The transaction was rated by S&P and Moody’s, making this Amur’s first transaction rated by S&P, with nearly 75% of the notes earning a AAA/Aaa rating.

“This transaction is a testament to the reputation we have built with the investor community,” Kalyan Makam, CEO of Amur Equipment Finance, said. “We have been purposeful in building our platform for long-term growth that rewards all stakeholders, and to see such a strong market reaction to our transaction means that our approach is resonating. And we’re very excited to welcome S&P to the Amur platform.”

“We are in this business for the long haul,” James Truran, chief operating officer of Amur Equipment Finance, said. “It’s not the number of transactions we book that defines us, it is the quality of service we provide to our partners and customers. Despite rising interest rates, we’re excited that the present market opportunity affords us with the ability to welcome new partners and customers to the Amur family.”

BMO Capital Markets served as structuring agent, bookrunner and lead manager on this transaction, with BofA Securities and Truist Securities serving as bookrunner and lead manager.