PEAC Solutions closed its second asset-backed securitization (ABS) transaction on Sept. 30, 2024, PEAC Solutions Receivables 2024-2 (PEAC 2024-2), which issued notes totaling $394 million. The notes are backed by leases and loans predominantly secured by office equipment, commercial and industrial and other construction equipment.

Investor interest in the securitization was very strong, with continued support from previous investors and the addition of several new participants. The transaction received top-class ratings from both Fitch and KBRA, earning ratings of F1+ / AAA and K1+ / AAA, respectively.

“We are proud to offer financial solutions and services that resonate with our customers, driving our continued growth,” Mathew Petrick, chief financial officer of PEAC Solutions, said. “The ongoing support from returning investors and the influx of new participants reflect confidence in our business and the outstanding execution by our dedicated team.”