North Mill closes $525M ABS deal
Transaction lifts North Mill's issuance volume past $3.1B
North Mill Equipment Finance closed a $525 million asset-backed securitization, its largest to date and second this year.
The deal brings the company’s total issuance volume to more than $3.1 billion, according to a North Mill release today. The transaction attracted 37 investors, including 14 first-time participants. This reflects “continued evolution of credit quality and collateral diversification,” President and Chief Revenue Officer Mark Bonanno stated.
“The transaction was met with strong demand across the capital stack, allowing for tightened spreads compared to both initial price targets and final pricing levels of NMEF 2025-A, which was issued earlier in 2025,” he said.
The deal underscores Norwalk, Conn.-based North Mill’s momentum in the capital markets as it integrates its recent acquisition of Pawnee Leasing. The securitization positions the company to scale lending capacity while serving the evolving financing needs of small and mid-sized businesses across equipment sectors, according to the release.
