LEAF Announces Securitization of $221 Million of Leasing Belongings

Philadelphia, PA (PRWEB) September 24, 2012

LEAF Industrial Funds, Inc. (“LEAF”), a foremost independent professional equipment leasing and finance organization, announced today the closing of a new securitization transaction, LEAF 2012-1, which was finished on September 21, 2012.

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Through LEAF 2012-1, LEAF securitized a portfolio of roughly $ 221 million of leases and professional loans by means of the issuance of equipment agreement-backed notes. The transaction is the second securitization of little ticket equipment leases and professional loans that LEAF has sponsored given that its inception. The leases and loans ended up originated by LEAF and are backed by numerous products such as business office gear this kind of as photocopiers, printers and telecommunications systems, as nicely as engineering, light industrial and health care-related equipment.

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Guggenheim Securities, LLC, was the arranger of the notes and Natixis Securities Americas, LLC and Credit history Suisse Securities (Usa), LLC ended up co-arrangers. LEAF will keep on to be the servicer of the belongings. LEAF issued nine set rate lessons of notes that were rated by Moody’s and DBRS, with the Class A notes possessing the gain of a monetary warranty insurance plan issued by Assured Guaranty Corp. This was a personal offering created to competent institutional consumers pursuant to Rule 144A beneath the Securities Act of 1933, as amended, by LEAF Receivables Funding eight, LLC, a wholly owned subsidiary of LEAF Business Funds, Inc.

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Miles Herman, President and COO of LEAF, mentioned, “This is our 2nd successful securitization finished in considerably less than two several years considering that launching LEAF Professional Capital, Inc. We are delighted with our accomplishment in securing customer finance programs with prime high quality equipment vendors as our main source of originations and also the assistance we have acquired from the capital marketplaces that fuels our expansion. We imagine that the confidence that the two investors and the ranking agencies have revealed in us additional validates our business technique. A vital portion of a properly-rounded funding technique for an impartial finance organization is accessing an active phrase securitization market place. This transaction demonstrates and reinforces the fact that, in spite of difficult financial moments, we can effectively participate in this industry. We will be employing the proceeds of this financing to pay down an present warehouse facility and hence improve our potential to satisfy the long term financing requirements of our valued products seller partners. As a standard programmatic issuer, we appear ahead to continued long term access to the securitization industry.”

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About LEAF&#13

LEAF Business Money, Inc. (“LEAF”) is one of the foremost impartial products leasing and finance companies in the U.S. Headquartered in Philadelphia, PA, LEAF serves the tiny- to mid-ticket gear finance marketplace and maintains a nationwide origination footprint, operating with companies, distributors, and distributors of enterprise-crucial products and computer software in a range of industries. LEAF is backed by Eos Associates, Useful resource Cash Corp., and Resource The united states, Inc. For much more information on LEAF make sure you visit http://www.LEAFnow.com.

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