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Ascentium Capital Announces $281MM Securitization

November 04, 2015, 07:03 AM
Filed Under: Industry News

Ascentium Capital issued a $281 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2015-2.

This represents Ascentium Capital’s fourth securitization and third transaction since 2012 featuring both Moody’s “Aaa” and DBRS’ “AAA” ratings on the company’s senior class of notes. The ratings are based on several performance indicators including the quality of the equipment contracts, strong historical and expected performance, as well as the expertise of Ascentium Capital. “We are very pleased with the execution of this securitization and it further strengthens the company’s stability and growth plans,” commented Tom Depping, Chief Executive Officer at Ascentium Capital.

Evan Wilkoff, Executive Vice President of Capital Markets, stated, “It is exciting to be able to continually expand and diversify our funding sources, especially as we continue our programmatic asset-backed securities issuances.”  

As a direct lender, Ascentium Capital specializes in providing business financing, leasing, and loans for equipment manufacturers and distributors as well as direct to businesses nationwide. The company is backed by the strength of leading private investment firms Vulcan Capital and LKCM Capital Group, LLC. Ascentium Capital has obtained the ranking as the third largest private-independent finance company by volume in the United States.

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