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.