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Equipment Finance News Stonebriar closes first AAA securitization Published: 7th June 2018 Share Stonebriar Commercial Finance (Stonebriar), a leading independent large-ticket commercial finance company, has announced the closing of a $578 million asset-backed securitization transaction. SCFET 2018-1 marks the fourth equipment securitization transaction that Stonebriar has closed in the past 24 months and its first to secure triple-A ratings. SCFET 2018-1 is secured by a portfolio of commercial equipment loans and leases across a variety of asset classes including rail, aviation, marine transportation, energy, real estate, and manufacturing. The A-1 and A-2 tranches of the transaction received ratings of “Aaa” and “AAA” from Moody’s Investors Service and Kroll Bond Rating Agency, respectively. Dave Fate, president and CEO of Stonebriar, said: “Since June 2016, Stonebriar has executed four equipment securitization transactions totaling over $1.6 billion, attracting significant demand from a diverse group of domestic and international institutional investors.” SCFET 2018-1 included assets from four of Stonebriar’s current business platforms – general equipment, aviation capital, rail leasing and real estate – including a portion of its Canadian portfolio. Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories NewsEvolving roles of banks and independents in US Corporate Member NewsAssociated Asphalt secures funding from Paragon Bank NewsDutch leasing market sees robust growth in H1 2024 Equipment Finance