For immediate release
GRAND ISLAND, NE, July 31, 2024
Amur Equipment Finance, Inc. (“Amur”) is pleased to announce the completion of its 14th term securitization, in which it issued $476.25 million in notes secured by equipment loans and leases originated through its platform. The transaction saw strong demand across all classes and was several times oversubscribed. Truist Bank served as sole structuring agent and lead bookrunner, with BMO and Bank of America serving as joint bookrunners.
"Amur’s success is a credit to the quality of its partnerships," said Kalyan Makam, Chief Executive Officer. “At Amur, we know we can only succeed when our partners do. On behalf of our 300 employees, I would like to express our sincere gratitude to our customers, origination partners, investors and bank partners for their faith in us and the critical role that they have played in our success.”
This transaction comes during a period of record origination volume for Amur, with over $500 million originated during the first six months of 2024. This transaction also represents the strongest collateral pool by nearly every metric, including weighted average FICO, percentage of super-prime borrowers and diversification of equipment and industry classifications.
“We are thrilled to have the support of over 30 repeat investors, as well as seven new investors. Thank you to our partners at Truist, BMO and Bank of America – this was a great transaction for us in which our ‘no short cuts’ approach to origination, decisioning and servicing helped to distinguish us in a crowded marketplace.” said Makam.
Amur provides point-of-sale equipment finance to small and medium-sized businesses nationwide together with the Amur Difference – industry-leading value-enhancing service – to both partners and customers. Amur is excited to launch several new and exciting initiatives later this year, further expanding the Amur Difference, strengthening our relationships and enhancing the experience of our partners.
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About Amur Equipment Finance, Inc.
Amur Equipment Finance is one of the largest and fastest growing independent providers of commercial equipment finance in the country and is dedicated to serving its customers and partners with fast, flexible, and customized solutions. We hold true to our people-focused roots of over 25 years, ensuring consistently exceptional service and a consultative relationship with our broker and vendor origination partners as well as our customers. With a growing team of 285 talented employees, an efficient, purpose-built processing platform designed to deliver an excellent experience and a sole focus on the equipment finance market, Amur is well-positioned to continue to serve the financing needs of its customers and partners well into the future. Headquartered in Grand Island, NE since 1996, Amur serves equipment-intensive industries, including construction, commercial and industrial equipment, transportation and technology.
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MEDIA CONTACT:
Loren Ivler
Director, Marketing
Amur Equipment Finance
212-893-8833
livler@goamur.com
