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Ascentium Capital Closes $271MM Securitization

November 01, 2016, 07:10 AM
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Ascentium Capital issued a $271 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2016-2.

“This securitization provides our organization with additional opportunities to meet our growth initiatives,” commented Tom Depping, Chief Executive Officer at Ascentium Capital. This securitization represents the company’s sixth securitization since 2012 and includes both Moody’s Aaa and Fitch AAA ratings. The ratings are accredited to key performance indicators including the overall quality of the finance contracts, strong performance, as well as the tenured experience of the Ascentium Capital’s executive team.

Evan Wilkoff, Executive Vice President of Capital Markets, stated, “It is rewarding to impact our capital strategy and receive continued validation on our asset quality and servicing performance.”  

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.

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