Amur Equipment Finance closed its seventh term securitization, a $269.4 million notes issuance secured by small- and mid-ticket equipment loans and leases. The transaction ranks as AmurEF’s largest issuance to-date and is the first to be rated by Moody’s.
KeyBanc Capital Markets served as structuring agent, bookrunner, and lead manager on the transaction, while The Williams Group served as co-manager.
Since 2018, AmurEF has placed more than $700 million in equipment-backed notes as part of its ongoing securitization program.
“We’re extremely excited about the reception this offering received, which we believe is due to the continued strength and performance of our platform. We’ve always had very strong investor interest in our securitization program, but we saw a surge of new investors interested in this transaction and it contributed to a superb execution for AmurEF,” said Kalyan Makam, Amur board member and executive vice president of Capital Markets.
AmurEF has grown into one of the largest independent equipment finance companies in the U.S., rising to fifth place on Monitor’s 2018 ranking of Top Private Independents and expanding to over 150 employees spread across five locations.
“We firmly believe we are on the right path to achieve our objectives,” said Mostafiz ShahMohammed, chairman and CEO of Amur. “The cost of funds we achieved in this transaction will fuel our continued growth and investment and I couldn’t be more excited to see what our team can achieve.”
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