Regents Capital, an independent provider of equipment leasing and financing solutions to middle-market borrowers, closed its inaugural asset-backed securitization (ABS) transaction. The offering, RCER 2026-1, consisted of $132.9 million in notes backed by a portfolio of Regents’ originated loans and leases spanning a broad range of industries, including: construction, manufacturing, transportation, healthcare and industrial services.
The transaction comprised four classes of notes rated by Morningstar DBRS, anchored by a $112.6 million senior tranche rated AA which represented over 84% of the total bonds. The senior tranche priced at the tight end of guidance, reflecting strong investor demand and disciplined execution. The offering was well oversubscribed, with broad-based institutional demand from 18 unique investors.
“The team is extremely pleased with the outcome of RCER 2026-1. We were thrilled to have so many of the investors we met with in person place orders for our inaugural deal and look forward to continuing to develop a strong investor following,” Don Hansen, CEO and co-founder of Regents, said.
“The market’s reception to our inaugural securitization marks a meaningful step in the evolution of our capital markets strategy,” Dennis Odiorne, president and co-founder of Regents, said. “By establishing a presence in ABS, we’ve added a durable new financing channel alongside our warehouse financing, note issuances and syndication to our long-term bank relationships — setting a strong foundation to support the next phase of our growth.”
Brean Capital served as sole structuring and placement agent on the transaction.
