Amur Equipment Finance Closes Sixth Term Securitization, Issuing $250.9MM in Asset-Backed Notes
AmurEF’s second securitization this year and largest in its history
GRAND ISLAND, NE – October 18th, 2018 – Amur Equipment Finance, Inc. (AmurEF) announces the completion of its sixth term securitization and second securitization this year. A total of $250,944,000 in rated securities secured by equipment leases and loans originated by AmurEF were issued, representing a 27 percent increase over AmurEF’s February securitization, with $239,703,000 receiving an investment grade rating from DBRS. KeyBanc Capital Markets served as structuring agent, bookrunner, and lead manager; The Williams Group served as co-manager.
“We are very excited about the number of repeat and new investors that participated in our second securitization this year – all classes of notes were several times oversubscribed. This high level of interest validates the investments that we have made in the company over the last several years and positions us to continue our strong and sensible growth trajectory,” said Mostafiz ShahMohammed, AmurEF Chief Executive Officer and Amur Finance Company, Inc. Chairman and Founder.
The second securitization of 2018 was made possible by AmurEF’s very strong 2018 originations growth; its monthly origination volume is averaging over $30 million through the first three quarters of 2018, a 70 percent increase from 2017. “Thanks to the investments we have made across our platform, we’ve been able to seamlessly process our increased volume without any adjustment to our operational processes. We are now routinely processing over 2,000 applications a month, while still maintaining our diligent credit and underwriting standards. Even better, we have been able to do this while maintaining our spread in the face of rising rates,” stated Kalyan Makam, AmurEF Board Member and EVP of Capital Markets for Amur Finance Company, Inc.
In total, AmurEF has issued over $1 billion in secured notes across six securitizations since 2012.
About Amur Equipment Finance, Inc.
Amur Equipment Finance (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, a global diversified holding company with over $800MM in assets.
For more information, visit amuref.com.
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, visit amurfinance.com.
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Amur Equipment Finance
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