GreatAmerica Financial Services closed its 22nd term securitization of $637 million in privately placed bonds. GreatAmerica has now issued $8.7 Billion in bonds since inception. Transaction will pay off debt from warehouse and revolving credit facilities, putting GreatAmerica in an even stronger liquidity position to support its equipment vendors.
“There is much effort by many GreatAmericans involved in successfully bringing a transaction like this to the market.” Tony Golobic, executive chairman of GreatAmerica, said. “The consistent and dedicated focus of our GreatAmericans continues to impress the investment community and build trust among our financial partners.”
Demand was strong as investors placed orders of $1.5 Billion, more than double the amount offered. 29 unique investors participated, including 6 new investors.
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