Ascentium Capital LLC issued a $237 million small ticket equipment securitization. Ascentium Equipment Receivables 2017-1 Trust featured a senior-subordinated structure with “Aaa” ratings from Moody’s and Kroll.
This transaction represents the Company’s seventh securitization since 2012. “As the demand for our small business financing solutions increases, this securitization provides liquidity to meet our strategic growth strategies. We are pleased to see the market interest for bonds backed by high quality assets,” remarked Tom Depping, Chief Executive Officer at Ascentium Capital.
The financial strength and diversity of Ascentium Capital’s portfolio assets combined with servicing expertise, enables the Company’s bond offering to be well received by the market. Evan Wilkoff, Executive Vice President of Capital Markets, commented, “This transaction clearly indicates continued strong interest among investors in our asset class.”
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 hekent.com.