PEAC Solutions Closes Second U.S. Securitization Transaction of 2024
MOUNT LAUREL, NEW JERSEY – October 2nd, 2024 - PEAC Solutions is pleased to announce the successful closing of its second Asset Backed Securitization (ABS) transaction on September 30th, 2024.
PEAC Solutions Receivables 2024-2 LLC (PEAC 2024-2) issued notes totaling $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 securitization 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.”
Looking ahead, PEAC Solutions plans to build on this momentum by further engaging in the securitization market, leveraging its expanding portfolio and strategic partnerships to fuel future growth.
About PEAC Solutions
PEAC Solutions is a leading multi-national asset finance platform specializing in providing innovative finance solutions to equipment manufacturers, distributors, and dealers across a wide range of targeted industries and asset classes.
Our primary focus is on delivering a first-class customer service experience while offering lease and loan products that enable our customers to more easily access equipment and technologies that can enhance their productivity and business growth. With our capabilities available across North America, Europe, and the United Kingdom, PEAC has established a strong global network that is capable of delivering solutions to diverse markets and clientele.
PEAC Solutions is a trademark of Marlin Leasing Corporation. For inquiries and partnership opportunities, please visit PEACSolutions.com. NMLS# 2227023
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Media Contact:
Ashley Surkin, PEAC Solutions, asurkin@peacsolutions.com