Verdant Commercial Capital, LLC announced the closing of its inaugural term securitization, Verdant Receivables 2022-1. Verdant provides sales financing by partnering with sellers of capital equipment and computer software.

The transaction was privately issued to a major insurance company. The bonds are backed by a diverse portfolio of equipment lease and loans collateralized by primarily material handling equipment, vocational trucks, and other industrial and manufacturing equipment with an average original ticket size of approximately $130,000.  

“Our initial term securitization marks an important milestone for Verdant,” said Verdant Chief Financial Officer Robert Moskovitz. “It opens the wider equipment asset-backed securities market as a key financing tool to help Verdant grow, and ultimately allows Verdant’s customers to sell more equipment.”

Wells Fargo Securities acted as Structuring and Placement Agent for this inaugural securitization.
 
Verdant Commercial Capital is one of the top 10 largest independent equipment finance companies in the United States.