Amur Equipment Finance Closes Fifth Term Securitization Totaling $198 Million
Amur Equipment Finance, Inc. (AmurEF) is proud to announce the completion of its fifth term securitization. A total of $197,549,000 in DBRS rated securities, spread across seven classes and secured by equipment lease and loans originated or contributed by AmurEF, were issued, including $164,800,000 rated investment grade. KeyBanc Capital Markets served as structuring agent, bookrunner, and lead manager; The Williams Group served as co-manager.
“This securitization was a great outcome for AmurEF: it shows that the market believes in us and our platform and sets us up well to continue on our very exciting growth path. We’re grateful to the whole KeyBanc Capital Markets team for this outcome – a rapid uptick in interest rates during the marketing phase was a challenge, but they delivered a great result,” said Kalyan Makam, AmurEF Board Member and EVP of Capital Markets for Amur Finance Company, Inc.
“The response of investors to our disciplined underwriting standards, solid portfolio performance and steady growth was tremendous as the bond offering was oversubscribed,” stated AmurEF’s Co-President and Chief Risk Officer, Andrea Zana. “It is clear that investors see and appreciate the value of what AmurEF is building.”
AmurEF has issued over $796,000,000 in secured notes across five securitizations. AmurEF will use the proceeds from this securitization to refinance existing debt, originate new leases and loans.
About Amur Equipment Finance, Inc.
Amur Equipment Finance, Inc. (AmurEF) is a nationally-ranked independent equipment finance provider dedicated to ensuring that its customers and employees around the nation are equipped to grow and succeed. AmurEF offers customized capital financing programs that draw on its uniquely expansive expertise in the world’s most essential industries – from transportation and technology to manufacturing and medicine – to support its network of over 15,000 vendors and other partners. AmurEF is a subsidiary of New York-based Amur Finance Company, Inc., a global diversified holding company with over $800M in assets.
For more AmurEF updates, visit Amur Equipment Finance News.
About Amur Finance Company, Inc.
Amur Finance Company, Inc. (Amur) is a privately held, diversified commercial finance company focusing on four main sectors: General Equipment; Aviation; Energy, Shipping & Logistics; and Industrial and Commercial Assets. Amur’s management team and senior leaders have extensive industry expertise and have been involved in over $100 billion of transportation, and related commercial finance, trading and investment transactions around the world. Amur takes a partnership approach to its investments, providing long-term value through direct investments and strategic arrangements with world-class entrepreneurs and businesses.
For more information, go to amurfinance.com.
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