CAN Capital announced the closing of its first capital markets asset-backed notes offering. In the $200 million securitization transaction, CAN Capital sold $191 million of fixed rate notes, $171 million of which are A rated notes by Standard & Poor’s and DBRS, and $20 million of which are BBB(low) and BBB- rated notes also by Standard & Poor’s and DBRS, respectively. The company will utilize proceeds from the transaction, which diversified CAN Capital’s investor base, to further its growth strategies.

The notes are backed by a portfolio of small and mid-sized business loans and Merchant Cash Advances (MCAs) originated or acquired by the Company.

“Our ability to successfully complete this significant transaction is a testament to consistent growth during our 16-year history and demonstrates the strength and quality of our portfolio” said Daniel DeMeo, CEO, CAN Capital. “Furthermore, the investment grade rating of this transaction is proof-positive of the power of our business model and superior performance over multiple market cycles.”