North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, won the GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. The company accepted its award at a gala dinner in New York City at the Metropolitan Club.
NMEF 2022-A was one of only two ABS deals to price on the day of Russia’s invasion into Ukraine, with zero investor drops following the onset of the conflict. It was the first of two term ABS transactions in 2022 that raised a combined $724 million, more than tripling the $237 million issued in the prior year. Truist Securities acted as the sole structuring agent and book runner for the transaction.
“We are incredibly proud to be recognized by our brokers, customers and peers for our performance in the capital markets,” Mark Bonanno, president of North Mill Equipment Finance , said. “The NMEF and Truist Securities teams did an outstanding job. Despite an environment plagued with macroeconomic volatility and geopolitical unrest, NMEF 2022-A was well-received by institutional investors and was a mainstay in helping NMEF’s capital markets team raise $1.4 billion in bonds since inception.”
