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Ascentium Capital Completes $236MM Securitization

October 26, 2017, 07:18 AM
Filed Under: Industry News

Ascentium Capital announced closing the Company’s eighth small ticket equipment securitization.

The $236,000,000 securitization of Ascentium Equipment Receivables LLC, Series 2017-2 was rated by Moody’s and Kroll and achieved a Aaa rating for the senior notes. “Our continued success with securitizations represents Ascentium’s strong underwriting practices complemented by our award-winning technology platform and servicing of contracts,” comments Tom Depping, chief executive officer at Ascentium Capital.

Evan Wilkoff, executive vice president of capital markets remarks, “Our repeat bond investors keep driving demand for our offerings, validating our 13 years of consistent asset performance. This securitization continues to provide us diversified liquidity to help enable us to meet the increasing demand for our financial products.”  

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