Dext Capital has surpassed $1 billion in securitized assets following the completion of its latest asset-backed securitization

The $489 million transaction, Dext ABS 2025-1, marks the company’s fifth securitization and its largest to date. The deal included six classes of investment-grade notes, featuring a money market tranche and two AAA-rated classes evaluated by Moody’s and S&P.

Proceeds from the securitization will support Dext Capital’s expansion in the healthcare and technology sectors.

“Dext ABS 2025-1 represents many significant milestones for us: fifth transaction closed, over $1 billion securitized, and our first series of notes with AAA-ratings from Moody’s and S&P,” Conrad Nilsen, senior vice president of Finance for Dext Capital, said. “Our story resonates well with investors – they appreciate our targeted approach to the market and our management’s extensive experience in lending. We are excited to continue to elevate our business and to further establish ourselves as a recurring ABS issuer.”

BofA Securities served as the sole structuring agent for the transaction, with Truist Securities and Deutsche Bank Securities acting as lead bookrunners. Regions Securities participated as co-manager.