Verdant Commercial Capital Successfully Closes Fourth Asset-Backed Securitization for $400.6 Million
Verdant Commercial Capital, LLC, the sixth largest independent equipment finance company in the United States, has announced the closing of its latest and largest 144a term securitization. The “VERD 2025-1” transaction totaled $400,639,000 in asset-backed notes collateralized by a diverse portfolio of high-quality equipment leases and loans, comprised of construction equipment, material-handling equipment, vocational vehicles, golf course related equipment and other industrial equipment. The average original equipment cost was about $150,000.
Verdant Commercial Capital Gains Moody’s Credit Rating Upgrade on Three Classes of ABS Notes
Verdant Commercial Capital, LLC, one of the top 10 independent equipment finance companies in the United States, achieved a significant credit rating upgrade when Moody’s Ratings raised the ratings on three classes of equipment asset-backed securities notes sponsored by Verdant Receivables 2023-1 LLC (VERD 2023-1).
Record Year Propels Verdant Commercial Capital to $3 Billion in Lifetime Originations
Verdant Commercial Capital, LLC, one of the top 10 independent equipment finance companies in the United States, announced today that it has exceeded $3 billion in originations since its inception.
Verdant Commercial Capital Closes $307.7 Million 144a Term Securitization
Verdant Commercial Capital, LLC, one of the nation’s top 10 largest and fastest-growing independent equipment finance companies, announces the closing of its latest 144a term securitization. “VERD 2024-1” issued notes totaling $307,667,000 that are backed by a diverse portfolio of high-quality equipment leases and loans collateralized by equipment primarily related to vocational vehicles, construction, golf course management, material handling and other industrial equipment with an average original equipment cost of approximately $150,000.
Verdant Commercial Capital Closes $251 Million Inaugural 144a Term Securitization
Verdant Commercial Capital, LLC, the nation’s sixth largest independent equipment finance company, announces the closing of its initial 144a term securitization. “VERD 2023-1” issued notes totaling $251,253,000 that are backed by a diverse portfolio of high-quality equipment leases and loans collateralized by primarily material handling equipment, vocational trucks, and other industrial and manufacturing equipment with an average remaining individual contract balance of approximately $132,200.
Verdant Commercial Capital Grows Funding Capacity with New $150 Million Warehouse Line of Credit
Verdant Commercial Capital, LLC, the nation’s sixth largest independent equipment finance company, announces the expansion of its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America, N.A.
Verdant Commercial Capital Signs Private Label Program Agreement with Synovus Bank
Verdant Commercial Capital, LLC executed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers. Through the offering, leasing and equipment finance agreements for essential use equipment can range from $25,000 to $50 million. The program is for Synovus commercial customers only and is now available.
