North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, announced the company won the prestigious GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. The company accepted its award at a gala industry dinner in New York City at the Metropolitan Club.

NMEF 2022-A was one of only two ABS deals to price on the day of Russia’s invasion into Ukraine, with zero investor drops post announcement of the war. It was the first of two term ABS transactions in 2022 that raised a combined $724 million, more than tripling the $237 million issued in the prior year. Truist Securities acted as the sole structuring agent and book runner.

“We are incredibly proud to be recognized by our brokers, customers, and peers for our performance in the capital markets,” said Mark Bonanno, President, NMEF. “The NMEF and Truist Securities teams did an outstanding job. Despite an environment plagued with macro-economic volatility and geo-political unrest, NMEF 2022-A was well-received by institutional investors and was a mainstay in helping NMEF’s Capital Markets team raise $1.4 billion in bonds since inception.”

GlobalCapital is a news, opinion, and data service for people and institutions using and working in the international capital markets. The awards honor outstanding achievements in U.S. structured finance by banks, issuers, investors, law firms, rating agencies and service providers. Nominees were compiled from industry nominations, GlobalCapital’s research, and industry peer review. Winners were selected based on votes received during a public voting period.