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Varilease Finance Closes Securitization, Marks its 22nd Successful Year

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Date: Jan 24, 2024 @ 07:20 AM
Filed Under: Industry News

Varilease Finance, Inc. (dba VFI Corporate Finance), a finance firm that has specialized in equipment and project financing for decades, announced the closing of its second asset-backed securitization in the fourth quarter of 2023. This most recent securitization was Kroll-rated and primarily consisted of “AAA” rated notes, and VFI was oversubscribed with offers on all four classes of notes issued. VFI completed another strong year of originations in 2023 and was again rated “Investment Grade” by a Nationally Recognized Statistical Rating Organization (NRSRO).

By tapping into this $300 billion securitization market, VFI is an elite, low-cost provider of equipment financing in the United States. VFI funds projects for U.S. companies starting at $1 million to $75 million across various equipment types, industries, and regions, with a global presence and strong ability to fund complex transactions.

VFI CEO Greg Adondakis said, "VFI would like to thank its employees, agents, partner organizations, and most importantly its customers for their recognition and trust. We will continue to provide resilience to our customers in this current macroeconomic environment as we have done for decades before."



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