US-based commercial equipment leasing and finance company Leaf Commercial Capital has securitised a portfolio of approximately $336m of commercial equipment leases and loans through the issuance of equipment contract-backed notes.
The transaction, which the company named LEAF 2015-1, is the fourth securitization that LEAF has sponsored since its inception and its largest single issuance to date.
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The portfolio of leases and loans encompasses a diverse array of equipment types, from office automation, telecommunications solutions, technology and network infrastructure, light industrial and healthcare-related equipment.
The US arm of Credit Suisse Securities was the book runner and structuring agent of the notes with Guggenheim Securities and Wells Fargo Securities as co-managers. LEAF will continue to be the servicer of the assets.
Miles Herman, president and chief operating officer at LEAF, stated, "LEAF Commercial Capital is pleased with the continued, strong receptivity from our diverse investor base making 2015-1 our largest securitization to date. This successful transaction is an endorsement by investors and rating agencies of the strong and consistent results of our portfolios. This achievement will continue to support LEAF’s strong origination growth this year."
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