Axis Capital Announces $201 Million Term Securitization
Grand Island, NE – October 27th, 2016 – Axis Capital, Inc. (Axis), one of the leading independent commercial equipment finance companies in North America, today announced the closing of its fourth term securitization, issuing six classes of equipment lease and loan backed notes totaling $201,232,000. This term securitization will enable Axis to continue to expand its market share while growing its presence in the North American equipment finance industry.
“Axis is firmly focused on our strategy of expanding originations through vendor and customer based relationships,” said Axis Chairman and CEO Mostafiz ShahMohammed.
“A stable and dependable securitization platform is critical to an independent leasing business and we look forward to using our latest securitization to further expand our market share,” added Kalyan Makam, Axis Board Member and Head of Capital Markets for Amur Finance Company and its subsidiaries.
The $166 million senior class of notes received an AAA (sf) rating from both DBRS and Kroll Bond Rating Agency. Wells Fargo Securities, LLC served as sole structuring agent and bookrunner.
“We are excited to announce the successful closing of our $201 million securitization,” Shauna Heckathorn, Axis CFO stated. “This is Axis’ fourth successful term issuance, which is a clear indication to the capital markets that we are a committed and reliable issuer, and we thank our investors for their continued support.”
About Axis Capital
Axis Capital, Inc. (Axis) is a nationally ranked Top Ten independent equipment finance provider and a Top Twenty vendor channel origination company that customizes capital financing programs for a wide variety of suppliers and businesses nationwide. Founded in 1996 in Grand Island, NE, Axis delivers solutions that help businesses across the country grow, succeed, and create value. Axis serves as a reliable capital partner to many active vendor programs and has funded transactions with over 15,000 vendors across diversified markets in the United States. Axis Capital is a subsidiary of New York based, Amur Finance Company, a global diversified holding company with over $800MM in assets.
About Amur Finance Company
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 Other Industrial and Commercial Assets. Amur’s management team and senior leaders have extensive industry expertise and have been involved in over $100bn of transportation, industrial 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.
Axis Capital, Inc.
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