LEAF Closes $336MM Equipment Securitization



LEAF Commercial Capital announced the closing of a new securitization transaction, LEAF 2015-1, which was completed on April 30, 2015. Through LEAF 2015-1, LEAF securitized a portfolio of approximately $336 million of commercial equipment leases and loans through the issuance of equipment contract-backed notes.

The transaction is the fourth securitization that LEAF has sponsored since its inception and its largest single issuance to date. The portfolio of leases and loans encompasses a diverse array of equipment types, from office automation, telecommunications solutions, technology and network infrastructure, light industrial and healthcare-related equipment.

Credit Suisse Securities was the book runner and structuring agent of the notes with Guggenheim Securities and Wells Fargo Securities as co-managers.

Miles Herman, president and chief operating officer of LEAF, stated, “LEAF Commercial Capital is pleased with the continued, strong receptivity from our diverse investor base making 2015-1 our largest securitization to date. This successful transaction is an endorsement by investors and rating agencies of the strong and consistent results of our portfolios. This achievement will continue to support LEAF’s strong origination growth this year.”


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