Ascentium Capital issued a $330 million small ticket equipment securitization of Ascentium Equipment Receivables, Series 2015-1. This represents the company’s third securitization since 2012. The underwriters on this transaction were Credit Suisse, Bank of America Merrill Lynch and JP Morgan.

“We are pleased with our market execution and the confidence that our ABS investors place in us. The Aaa and AAA ratings from Moody’s and DBRS on our senior class of notes help validate our successful business model,” remarked Tom Depping, CEO at Ascentium Capital. The ratings were based on several critical factors including the strong financial condition of the company, consistent portfolio performance for over ten years and the company’s efficiency-based finance model.

As a direct lender, Ascentium Capital specializes in providing business financing, leasing and loans for equipment manufacturers and distributors as well as direct to businesses nationwide.