inner-page-blue-header

Ascentium News & Media

News and information from the experts at Ascentium

Ascentium Capital Announces Closing of First Term Securitization

November 28, 2012

KINGWOOD, TX – Ascentium Capital LLC announced today that it closed its first securitization of equipment finance contracts, Ascentium Equipment Receivables (ACER) 2012-1, on November 27, 2012. This is the first term securitization for the company and comes just 15 months after being capitalized in August 2012.

Through ACER 2012-1, Ascentium Capital securitized a portfolio of approximately $127 million of leases and commercial loans through the issuance of equipment contract-backed notes. The leases and loans were originated and serviced by Ascentium Capital from its headquarters in Kingwood, Texas.

Tom Depping, Chief Executive Officer of Ascentium Capital stated, “We are thrilled to have received such a positive reception from the institutional market which enabled us to further diversify our investor base. The execution of this transaction enables us to lower our cost of funds, which will help maintain our competitiveness in the equipment finance industry and grow our origination channels.”

Ascentium Capital issued Class A Notes rated AAA (sf) and Class B Notes rated A (sf) by DBRS. DBRS also rated the Class C Notes BBB (sf) which were retained by Ascentium Capital. This was a private offering made to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, by Ascentium Equipment Receivables 2012-1 LLC, a wholly owned subsidiary of Ascentium Capital LLC.

Ascentium Capital specializes in providing equipment financing and leasing for capital expenditures to small businesses located nationwide. The company offers financial solutions for many industries, providing small businesses with financing for all their growth and acquisition needs.

Ascentium Capital is backed by Vulcan Capital, the private investment group of Paul G. Allen, and a group of investors led by LKCM Capital Group, LLC (“LKCM”), the alternative investment vehicle for Luther King Capital Management. The Ascentium Capital website is located at AscentiumCapital.com.

blue-shapes-background

Find out how Ascentium's financing options can help you make the most of your business opportunities today.