VFI Corporate Finance closes $209M ABS deal
Deal pushes VFI's ABS issuances past $500M
Independent equipment financier VFI Corporate Finance has closed a $209 million asset-backed securitization transaction.
The deal marks VFI’s third ABS deal since its founding in 2001 and pushes its total issuances past $500 million, according to a Sept. 1 release by the Salt Lake City-based lender. The deal drew strong demand from investors, with order books oversubscribed nine to eleven times across four classes of notes. Kroll Bond Rating Agency assigned ratings ranging from AAA to BB on the notes.
“We are thrilled with the overwhelming investor response to VFI 2025-1, which reflects our commitment to delivering reliable, high-quality financing solutions,” VFI Chief Executive Greg Adondakis stated in the release. “This transaction strengthens our ability to support businesses with innovative equipment leasing solutions.”
VFI provides direct lending to large and mid-size businesses across multiple industries, including construction, manufacturing, agriculture, transportation and healthcare.
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