Amur Equipment Finance, Inc. (Amur) announced the completion of its 12th term securitization, in which it issued $377 million in notes secured by equipment loans and leases originated through its platform. Thirty-eight unique investors participated in this transaction, with total orders in excess of three times the total transaction size. This transaction is rated by S&P and Moody’s, Amur’s first transaction rated by S&P, with nearly 75 percent of the notes earning a AAA/Aaa rating.

“This transaction is a testament to the reputation we have built with the investor community,” said Amur Chief Executive Officer Kalyan Makam. “We have been purposeful in building our platform for long-term growth that rewards all stakeholders, and to see such a strong market reaction to our transaction means that our approach is resonating,” Makam said. “And we’re very excited to welcome S&P to the Amur platform.”

Despite economic headwinds, thanks to the dedicated efforts of its 270+ person team, Amur continues to serve its partners’ and customers’ financing needs, delivering equipment finance solutions to 25,000 customers nationwide. As others in the market retrench, Amur is expanding on its nationwide network of vendor partners, for whom it serves as a first-call source of competitive financing.

“We are in this business for the long haul,” said James Truran, Chief Operating Officer. “It’s not the number of transactions we book that defines us, it is the quality of service we provide to our partners and customers. Despite rising interest rates, we’re excited that the present market opportunity affords us with the ability to welcome new partners and customers to the Amur family.”

BMO Capital Markets served as Structuring Agent, Bookrunner and Lead Manager on this transaction with BofA Securities and Truist Securities serving as Bookrunner and Lead Manager.