Nations Equipment Finance announced it completed a $173 million term securitization of equipment lease and loan backed notes. The debt includes a senior tranche rated A2/A- by Moody’s and DBRS and two subordinate tranches rated Baa2 and Ba2 by Moody’s.

Guggenheim Securities served as lead initial purchaser and BB&T Capital Markets served as co-manager in the Rule 144A private placement.

“Once again, Matthew Perkins and his team at Guggenheim did a terrific job structuring and marketing what is now our second term securitization,” said Nations’ CFO Rebecca Chandler. “This transaction, like last year’s, significantly improves the composition of our balance sheet. We couldn’t be happier with the outcome and the assistance provided by Guggenheim.”

Nations Equipment Finance is an equipment leasing and finance business that provides middle market companies with $1 million to $50 million equipment leases and term loans.