Ascentium Capital Executes $375MM Securitization

Equipment finance company Ascentium Capital executed a $375 million small ticket equipment securitization of Ascentium Equipment Receivables Series 2019?1, its eleventh such securitization.

The transaction involved 26 unique investors and again received AAA ratings from Moody’s and S&P on the company’s senior class of notes.

“This successful transaction, the AAA ratings and the number of investors interested in our bonds are a testament to our business model including the markets we serve, our proprietary credit decisioning and portfolio diversity,” remarked Evan Wilkoff, executive vice president of Capital Markets at Ascentium Capital.

Ascentium Capital was also ranked as the nation’s largest private independent equipment finance company for the third consecutive year in annual funded new business volume by the Monitor.

“Our portfolio stability helped drive our largest securitization during the busiest week for ABS issuances so far this year. Our market strategy drives our growth that enabled us to maintain the rank as the top equipment finance company. This success is driven by all of the employees at Ascentium and we look forward to our continued success,” said Tom Depping, Ascentium CEO.

As a direct lender, Ascentium Capital specializes in providing a broad range of financing, leasing and small business loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide.

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