trending Market Intelligence /marketintelligence/en/news-insights/trending/cclaJWP059NDHK3ZGE5GDA2 content esgSubNav
In This List

North Mill Equipment Finance closes $164M asset-backed securitization

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


North Mill Equipment Finance closes $164M asset-backed securitization

North Mill Equipment Finance LLC closed a $164 million commercial equipment asset-backed securitization priced at a weighted average duration yield of 3.15%.

The company plans to use the securitization to pay down its higher-priced warehouse lines and further diversify its portfolio. The issuance comprises 10 unique investors and $315 million of orders.

Deutsche Bank Securities Inc. was the structuring agent, book runner and lead manager for the securitization. KeyBanc Capital Markets was the co-manager.

North Mill Equipment Finance is also closing on a $15 million holding company bond issuance with two insurance company investors. Brean Capital LLC is the placement agent for the senior notes.