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Ascentium Capital Executes its Largest Securitization of $375MM

April 24, 2019, 07:23 AM
Filed Under: Industry News

Ascentium Capital LLC announced the execution of a $375 million small-ticket equipment securitization of Ascentium Equipment Receivables Series 2019-1.

Ascentium Capital’s 11th securitization involved 26 unique investors and again received AAA ratings from Moody’s and S&P on the company’s senior class of notes.

“This successful transaction, the AAA ratings and the number of investors interested in our bonds are a testament to our business model including the markets we serve, our proprietary credit decisioning and portfolio diversity,” said Evan Wilkoff, Executive Vice President Capital Markets at Ascentium Capital.

Ascentium Capital was also ranked as the nation’s largest private independent equipment finance company for the third consecutive year in annual funded new business volume by the Monitor, a publication serving the equipment finance industry.

“Our portfolio stability helped drive our largest securitization during the busiest week for ABS issuances so far this year. Our market strategy drives our growth that enabled us to maintain the rank as the top equipment finance company. This success is driven by all of the employees at Ascentium and we look forward to our continued success,” said Tom Depping, Chief Executive Officer at Ascentium Capital.

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