GRAND ISLAND, NE, January 31, 2024 Amur Equipment Finance, Inc. (“Amur”) announces today the completion of its 13th term securitization, in which it issued $406.3 million in notes secured by equipment loans and leases originated through its platform. Over 50 unique investors participated in this transaction, which was led by Bank of America, BMO and Truist and was nearly six times oversubscribed with over $2.3 billion in total orders. This transaction is rated by S&P and Moody’s, with $310 million of the notes earning an AAA/Aaa rating.
“We are extraordinarily proud of our growth journey, but we have always been enabled by the strength of our partnerships,” shared Todd Wainwright, Senior Vice President, Head of Commerce & Strategic Partnerships. “Our partners understand the potency and consistency of our offering and our commitment to their customers, which is why they trust us with their best ones.”
With a sole focus on equipment finance, Amur recently set origination records in the fourth quarter of 2023, during which it provided financing to over 2,600 small and medium sized businesses. Amur anticipates robust origination growth in 2024 as businesses gain confidence in the strength of United States economic momentum, especially in economy-essential sectors.
“We know that strong businesses have options when it comes to financing. That’s why we are continuously expanding and refining the capabilities of our platform to deliver a great product and thoughtful service in our core sectors of construction, manufacturing and transportation,” said Andrea Zana, Chief Risk Officer. “This transaction is a highwater mark for us in nearly every credit metric, which is a testament to the efficacy of our efforts.”
This term securitization marks the 13th for Amur, which has now been a regular ABS issuer since 2012, issuing over $3.5bn in notes in its history. "The response from the investor community to this transaction, even with a very busy issuance calendar in the equipment segment, was tremendous,” said Dane DiMartino, Vice President, Capital Markets. “We have a number of investors that have been with us since the beginning, as well as several new investors in this transaction, all of which gives confidence that the market sees the value of the company we’re building and the quality of the business it is generating.”
Bank of America Securities served as Structuring Agent, Bookrunner and Lead Manager on this transaction with BMO Capital Markets and Truist Securities serving as Bookrunner and Lead Manager.
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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
