Ascentium Capital Completes $236 Million Securitization
KINGWOOD, TX, October 25, 2017 – Ascentium Capital LLC, the nation’s largest private-independent finance company, 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.”
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.
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Ascentium Capital LLC
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.