Ascentium Capital Issues 12th Securitization at $398MM
OCT 24, 2019 - 6:19 am
Commercial lender Ascentium Capital issued a $398 million small ticket equipment securitization, representing the company’s twelfth and largest offering since 2012. Ascentium Equipment Receivables 2019-2 Trust features AAA and Aaa ratings from Standard & Poor’s and Moody’s.
“Each department within Ascentium takes responsibility to ensure we have a diverse portfolio while managing risk. We are pleased to see substantial interest from investors for bonds backed by quality assets,” remarked Tom Depping, Ascentium Capital CEO.
Ascentium Capital maintains a diverse portfolio through a market strategy that focuses on funding transactions within stable vertical markets that can withstand economic uncertainty, including healthcare, technology, energy and other industries.
“Our strategy assists Ascentium in future-proofing bond offerings. Our goal is to ensure our liquidity strategy stays attractive to investors,” said Evan Wilkoff, executive vice president of Capital Markets.
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