Amur Equipment Finance Completes its Largest Ever Term Securitization
APR 22, 2021 - 6:57 am
Amur Equipment Finance closed its ninth term securitization in which it issued $346 million in notes secured by equipment loans and leases originated through its platform. The securitization is the company’s largest to date.
“This issuance was met with incredibly robust and broad investor demand, including many first-time investors, highlighting the market’s appreciation for Amur’s innovative origination platform and strong portfolio performance, especially through the COVID-19 pandemic,” Kalyan Makam, executive vice president of Amur Equipment Finance, said. “We continue to be thrilled by the capital markets support we receive, which allows us to better serve our core customers — the small business owners across the country that drive our economy.”
DBRS Morningstar and Moody’s both rated this transaction, with $264.6 million of the notes rated P-1/R-1H or AAA/Aaa.
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