Ascentium Capital Announces its Largest Securitization of $344 Million
KINGWOOD, Texas, Oct. 24, 2018 /PRNewswire/ -- Ascentium Capital LLC, the nation's largest private-independent equipment finance company, announced the closing of the Company's tenth small ticket equipment securitization. The $343,711,000 securitization of Ascentium Equipment Receivables 2018-2 Trust was rated AAA by Standard and Poor's and Aaa by Moody's for the senior notes and brings Ascentium's total securitized volume to $2.6 billion since 2012.
"This transaction represents Ascentium's second securitization this year and our largest transaction to-date. We make continuous investment in our proprietary platform to diligently manage and maintain a diversified mix of assets in our portfolio," comments Tom Depping, Chief Executive Officer at Ascentium Capital.
Evan Wilkoff, Executive Vice President of Capital Markets remarks, "Strong investor interest for bonds backed by quality assets demonstrates the confidence the market has in Ascentium and the performance of our small ticket contracts. We are pleased with this milestone securitization."
As a direct lender, Ascentium Capital LLC specializes in providing a broad range of financing, leasing and small business loans. The company's offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by the strength of leading investment firm Warburg Pincus LLC. For more information, please visit AscentiumCapital.com.
Monica Bruegl
Sr. Vice President of Marketing
Ascentium Capital LLC
Email: [email protected]
SOURCE Ascentium Capital LLC
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