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Amur Equipment Finance Completes 12th Term Securitization

Company News

Amur Equipment Finance Completes 12th Term Securitization 

Amur Completes 2023-1 Transaction; Its First Rated by Both S&P and Moody’s 

 

GRAND ISLAND, NE, June 28, 2023 Amur Equipment Finance, Inc. (“Amur”) announces today the completion of its 12th term securitization, in which it issued $377 million in notes secured by equipment loans and leases originated through its platform. 38 unique investors participated in this transaction, with total orders in excess of three times the total transaction size. This transaction is rated by S&P and Moody’s, Amur’s first transaction rated by S&P, with nearly 75% of the notes earning a AAA/Aaa rating.


“This transaction is a testament to the reputation we have built with the investor community,” said Amur Chief Executive Officer, Kalyan Makam. “We have been purposeful in building our platform for long-term growth that rewards all stakeholders, and to see such a strong market reaction to our transaction means that our approach is resonating,” Makam continued. “And we’re very excited to welcome S&P to the Amur platform.”


Despite economic headwinds, thanks to the dedicated efforts of its 270+ person team, Amur continues to serve its partners’ and customers’ financing needs, delivering equipment finance solutions to 25,000 customers nationwide. As others in the market retrench, Amur is expanding on its nationwide network of vendor partners, for whom it serves as a first-call source of competitive financing.


“We are in this business for the long haul,” according to James Truran, Chief Operating Officer. “It’s not the number of transactions we book that defines us, it is the quality of service we provide to our partners and customers. Despite rising interest rates, we’re excited that the present market opportunity affords us with the ability to welcome new partners and customers to the Amur family.”


BMO Capital Markets served as Structuring Agent, Bookrunner and Lead Manager on this transaction with BofA Securities and Truist Securities serving as Bookrunner and Lead Manager.


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About Amur Equipment Finance, Inc.

Amur Equipment Finance is one of the largest and fastest growing independent providers of commercial equipment finance in the country and is dedicated to serving its customers and partners with fast, flexible, and customized solutions. With a growing team of 275 talented employees, an efficient, purpose-built processing platform designed to deliver an excellent partner experience, and a sole focus on the equipment finance market, Amur is well-positioned to continue to serve the financing needs of its customers and partners well into the future. Headquartered in Grand Island, NE since 1996, Amur has been a Great Place to Work® certified company for five consecutive years.

 

See for yourself how We’re Big on Small at GoAmur.com.

Additional Info

Media Contact : Ashten Hughes

Related Links : https://www.goamur.com/insight/amur-equipment-finance-completes-12th-term-securitization/

Source : Amur Equipment Finance

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