Ascentium Capital Closes $398 Million Securitization
KINGWOOD, Texas – October 23, 2019 -Ascentium Capital LLC, an award-winning commercial lender,
issued a $398 million small ticket equipment securitization, representing the Company’s twelfth and largest offering since 2012. Ascentium Equipment Receivables 2019-2 Trust features AAA and Aaa ratings from Standard & Poor's and Moody’s.
“Each department within Ascentium takes responsibility to ensure we have a diverse portfolio while managing risk. We are pleased to see substantial interest from investors for bonds backed by quality assets,” remarked Tom Depping, Chief Executive Officer at Ascentium Capital.
Ascentium Capital maintains a diverse portfolio through its go to market strategy that focuses on funding transactions within stable vertical markets that can withstand economic uncertainty including healthcare, technology, energy, and other industries. “Our strategy assists Ascentium in future-proofing bond offerings. Our goal is to ensure our liquidity strategy stays attractive to investors,” comments Evan Wilkoff, Executive Vice President of Capital Markets.”
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.
The National Equipment Finance Association (NEFA) is a nonprofit trade association created to represent the equipment leasing and finance industry throughout North America by providing a forum for personal and professional growth through Community, Education and Professionalism.