Equify Financial announced the closing of its second asset-backed securitization, issuing $153,369,000 in securities. This transaction of senior Class A notes earned a AAA rating from DBRS Morningstar, the highest credit rating available.
The securitization features a capital structure rated from AAA to BBB, reflecting the diversity of Equify’s asset portfolio and the strength of the underwriting standards. The proceeds will be used to fund new originations, enhance liquidity and further support the company’s growth in equipment finance.
Transaction Highlights:
- Deal Size: $153,369,000
- Rating Agency: DBRS Morningstar
- Senior Class A Notes: AAA-rated (Equify’s first AAA-rated issuance)
- Capital Structure: Notes rated from AAA to BBB
- Sole Structuring Agent & Active Joint Bookrunner: ATLAS SP
- Joint Bookrunner: Texas Capital Securities
“This securitization represents a major achievement for Equify Financial. Earning our first AAA rating on the senior Class A notes is a testament to the strength of our platform, disciplined underwriting and portfolio performance,” said Equify Financial CEO Pat Hoiby. “The strong investor demand and support from top-tier partners like ATLAS SP and Texas Capital Securities signal confidence in our long-term strategy. With this transaction, we are well-positioned to continue delivering flexible financing solutions to our customers.”
ATLAS SP served as the sole structuring agent and joint bookrunner. Texas Capital Securities also served as joint bookrunner.
“This securitization is an important milestone for Equify Financial in earning its first-ever AAA rating and demonstrates the continued strength of its partnership with ATLAS SP,” said Thomas Pai, Head of Auto/Equipment Origination at ATLAS SP. “We are pleased to build on last year’s inaugural securitization and provide the Company with financing that will help them continue to deliver innovative capital solutions to their customers and advance their business goals.”
This transaction reinforces Equify’s commitment to providing innovative capital solutions to businesses across various industries. The funds raised will be reinvested into Equify’s growing portfolio, supporting future originations, and sustaining the company’s momentum in the equipment finance market.