Ascentium Capital issued a $330 million small ticket equipment securitization of Ascentium Equipment Receivables 2018-1 Trust.
This represents the company’s ninth securitization since 2012 and the first time a non-investment grade, independent equipment finance company received triple AAA and Aaa ratings from both Standard & Poor’s and Moody’s. “These top ratings confirm our successful long-term business model, proprietary credit model, and commitment to risk management,” comments Tom Depping, Chief Executive Officer at Ascentium Capital.
Ratings are based on the strong financial condition of the company and consistent collateral performance that results in a stable portfolio. Evan Wilkoff, Executive Vice President of Capital Markets, comments, “We are very pleased with the confidence that our investors have in Ascentium Capital as further evidenced by the participation of 30 unique investors in this transaction. We will continue with our diversified funding strategy that helps maintain our strength and stability.”
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 AscentiumCapital.com.