Ascentium Capital, a private-independent equipment finance company, closed its 10th small-ticket equipment securitization.

The $343.711 million securitization of Ascentium Equipment Receivables 2018-2 Trust was rated AAA by Standard and Poor’s and Aaa by Moody’s for the senior notes and brings Ascentium’s total securitized volume to $2.6 billion since 2012.

“This transaction represents Ascentium’s second securitization this year and our largest transaction to-date. We make continuous investment in our proprietary platform to diligently manage and maintain a diversified mix of assets in our portfolio,” said Tom Depping, Ascentium Capital CEO.

“Strong investor interest for bonds backed by quality assets demonstrates the confidence the market has in Ascentium and the performance of our small ticket contracts,” said Evan Wilkoff, executive vice president of Capital Markets. “We are pleased with this milestone securitization.”