Commercial Equipment Finance, Inc. (“CEFI”) has successfully completed its 3rd term securitization, in which it issued $122.36 million in notes backed by equipment loans and leases originated through its platform. KeyBanc Capital Markets served as sole structuring agent and lead bookrunner, Quadrant Financial Group acted as securitization advisor to CEFI.
The securitization, issued through the CEFI 2025-1, includes three classes of notes with ratings from Morningstar DBRS ranging from AAA to BBB:
- Class A Notes: $109,203,000, rated AAA (sf)
- Class B Notes: $8,275,000, rated A (sf)
- Class C Notes: $4,885,000, rated BBB (sf)
“These ratings highlight the strength and stability of CEFI’s portfolio and our disciplined approach to equipment financing,” said Ricardo A. Rios Bolivar, Chairman & CEO of CEFI.
The transaction was oversubscribed, with interest from institutional investors who had invested in CEFI’s previous securitizations as well as first-time CEFI investors.
“The support from investors underscores confidence in our approach to equipment financing for businesses. Our team is inspired to continue demonstrating the strength and resilience of our business model,” said Ricardo E. Rios Flores, President & COO of CEFI.