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.

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