Ascentium Capital LLC, an award-winning equipment finance company, announced the execution of a $375 million small ticket equipment securitization of Ascentium Equipment Receivables Series 2019‐1.
浙江体彩网Ascentium Capital’s eleventh 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,” remarked 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,” comments Tom Depping, Chief Executive Officer at Ascentium Capital.
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.