CEFI issues $122M in equipment-backed notes in 3rd deal
Commercial Equipment Finance Inc. (CEFI) announced it has completed its third term securitization, issuing $122.3 million in notes backed by equipment loans and leases originated through its financing platform.
The transaction, identified as CEFI 2025-1, reflects the continued expansion of the company’s equipment financing operations in Puerto Rico and the mainland United States, company officials said.
KeyBanc Capital Markets served as the sole structuring agent and lead bookrunner, while Quadrant Financial Group acted as CEFI’s securitization adviser.
The offering included three tranches of notes with credit ratings from Morningstar DBRS ranging from AAA to BBB: $109.2 million in Class A Notes rated AAA, $8.3 million in Class B Notes rated A and $4.9 million in Class C Notes rated BBB.
“These ratings highlight the strength and stability of CEFI’s portfolio and our disciplined approach to equipment financing,” said Ricardo A. Ríos-Bolívar, CEO of CEFI. “The transaction was oversubscribed, with interest from institutional investors who had invested in CEFI’s previous securitizations as well as first-time investors.”
CEFI President Ricardo E. Ríos-Flores said the strong investor response shows continued confidence in the company’s performance and its ability to support business growth through specialized financial solutions.
Since its founding in 2009, CEFI has financed and leased more than $1 billion in commercial equipment for businesses across Puerto Rico and the mainland United States.
