Varilease Finance (dba VFI Corporate Finance), an independent equipment finance company founded in 2001 and headquartered in Salt Lake City, closed its third asset-backed securitization (ABS) transaction, VFI 2025-1. With this milestone, VFI has now issued over a half a billion in ABS transactions.
Many of the investors were repeat investors who participated in previous ABS transactions with VFI.
Kroll Bond Rating Agency (KBRA) assigned ratings to four classes of notes issued by VFI ABS 2025-1, ranging from AAA to BB. The order book was oversubscribed across all four classes, ranging from 9x to 11x.
“We are thrilled with the overwhelming investor response to VFI 2025-1, which reflects our commitment to delivering reliable, high-quality financing solutions,” Greg Adondakis, CEO of VFI, said. “This transaction strengthens our ability to support businesses with innovative equipment leasing solutions, driving their growth and success.”
