FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Articles / Read Article

Print

Nations Equipment Finance Completes $153MM Term Securitization

By:
Date: Jun 19, 2013 @ 06:54 AM
Filed Under: Industry News

Nations Equipment Finance announced that it has completed a $153 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 in the Rule 144A private placement.

"Matthew Perkins and his team at Guggenheim did a great job helping us close our first term securitization," said Nations' Chief Financial Officer Rebecca Chandler.
"The transaction lowers our cost of funds and better matches our assets to our liabilities. We couldn't be more pleased with the execution."

"We continue to see tremendous demand for our equipment lease and loan products and closing a transaction like this broadens our capital base which will help us to better serve our customers," said Phil Carlson, President and CEO of Nations. "We remain committed to providing creative equipment financing solutions to our customers."

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. Nations was founded and is managed by a seasoned team of professionals with collectively over 100 years of experience in the equipment finance and leasing industry.




Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.