Amur Equipment Finance has completed a $329.25 million securitization backed by equipment loans and leases, marking the company’s 15th such transaction.
BMO Bank served as sole structuring agent and lead bookrunner on the deal, with Bank of America and Truist acting as joint bookrunners, according to an Amur release today. The transaction was rated by Moody’s and Fitch.
Grand Island, Neb.-based Amur said it received $1.5 billion in investor orders across all classes, supported by both longstanding backers and new global financial institutions.
“The support we received in this transaction, given the swirl of economic crosswinds, validates that we are on course,” Amur Chief Executive Kalyan Makam stated in the release.
Chief Commercial Officer Rich Chenitz noted that Amur has seen record originations in A-credit customers and the construction, industrial and vocational sectors.
