PEAC closes second US securitisation transaction of 2024

PEAC Solutions has announced the successful closing of its second Asset Backed Securitisation (ABS) transaction on September 30^th 2024.

PEAC Solutions Receivables 2024-2 LLC (PEAC 2024-2) issued notes totalling US$394 million. The notes are backed by leases and loans predominantly secured by office equipment, commercial and industrial, and other construction equipment.

Investor interest in the securitisation was very strong, with continued support from previous investors and the addition of several new participants.

The transaction received top-class ratings from both Fitch and KBRA, earning ratings of F1+ / AAA and K1+ / AAA respectively, reflecting the high quality of the underlying assets and PEAC Solutions’ robust financial management.

Mathew Petrick, Chief Financial Officer of PEAC Solutions, remarked: “We are proud to offer financial solutions and services that resonate with our customers, driving our continued growth.

“The ongoing support from returning investors and the influx of new participants reflect confidence in our business and the outstanding execution by our dedicated team,” he added.

Looking ahead, PEAC Solutions plans to build on this momentum by further engaging in the securitisation market, leveraging its expanding portfolio and strategic partnerships to fuel future growth.