Varilease Finance Inc., dba VFI Corporate Finance, an independent equipment finance company founded in 2001 and headquartered in Salt Lake City, Utah,  announced the closing of its third asset-backed securitization (ABS) transaction, VFI 2025-1. With this milestone, VFI has now issued over $500 million in ABS transactions, reinforcing its position as a trusted leader in equipment financing for upper- and middle-market businesses.

The VFI 2025-1 transaction, representing VFI’s third equipment ABS deal, underscores the company’s consistent growth and disciplined underwriting approach. 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, LLC, ranging from AAA to BB. The transaction drew strong investor demand, with the order book oversubscribed across all four classes, ranging from 9x to 11x, demonstrating significant market confidence in VFI’s business model and asset quality.

“We are thrilled with the overwhelming investor response to VFI 2025-1, which reflects our commitment to delivering reliable, high-quality financing solutions,” said Greg Adondakis, CEO of VFI. “This transaction strengthens our ability to support businesses with innovative equipment leasing solutions, driving their growth and success.”