Amur Equipment Finance completed its 13th term securitization, issuing $406.3 million in notes secured by equipment loans and leases originated through its platform. More than 50 unique investors participated in this transaction, which was led by Bank of America, BMO and Truist and was nearly six times oversubscribed with more than $2.3 billion in total orders. The transaction was rated by S&P and Moody’s, with $310 million of the notes earning an AAA/Aaa rating.

“We are extraordinarily proud of our growth journey, but we have always been enabled by the strength of our partnerships,” Todd Wainwright, senior vice president and head of commerce and strategic partnerships at Amur Equipment Finance, said. “Our partners understand the potency and consistency of our offering and our commitment to their customers, which is why they trust us with their best ones.”

With a sole focus on equipment finance, Amur recently set company origination records in Q4/23, during which it provided financing to over 2,600 small and medium sized businesses.

“We know that strong businesses have options when it comes to financing. That’s why we are continuously expanding and refining the capabilities of our platform to deliver a great product and thoughtful service in our core sectors of construction, manufacturing and transportation,” Andrea Zana, chief risk officer at Amur Equipment Finance, said. “This transaction is a highwater mark for us in nearly every credit metric, which is a testament to the efficacy of our efforts.”

Amur Equipment Finance has been a regular ABS issuer since 2012, issuing more than $3.5 billion in notes in its history.

“The response from the investor community to this transaction, even with a very busy issuance calendar in the equipment segment, was tremendous,” Dane DiMartino, vice president of capital markets at Amur Equipment Finance, said. “We have a number of investors that have been with us since the beginning, as well as several new investors in this transaction, all of which gives confidence that the market sees the value of the company we’re building and the quality of the business it is generating.”

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