NextGear Capital Closes $1.55B Securitization


NextGear Capital, Inc. - February 22, 2013

NextGear Capital, Inc., has closed its $1.55 billion securitized bank facility. Led by The Bank of Tokyo-Mitsubishi, the two year securitized facility provides flexibility and significant lending capacity through a large six bank syndicate. The new bank facility should complement the existing privately-placed AAA rated term bond financing that NextGear Capital has in place through 2013.