Regents Capital, an independent provider of equipment leasing and financing solutions to middle-market borrowers, closed its inaugural asset-backed securitization (ABS) transaction. The offering, RCER 2026-1, consisted of $132.9 million in notes backed by a portfolio of Regents’ originated loans and leases spanning a broad range of industries, including: construction, manufacturing, transportation, healthcare and industrial services.
Brean Capital served as structuring agent and sole bookrunner on the transaction.
The transaction comprised four classes of notes rated by Morningstar DBRS, anchored by a $112.6 million senior tranche rated AA which represented over 84% of the total bonds. The senior tranche priced at the tight end of guidance. The offering was oversubscribed, with broad-based institutional demand from 18 unique investors.
“The team is extremely pleased with the outcome of RCER 2026-1,” Don Hansen, co-founder and CEO of Regents, said. “We were thrilled to have so many of the investors we met with in person place orders for our inaugural deal and look forward to continuing to develop a strong investor following.”
Dennis Odiorne, co-founder and president of Regents, added, “The market’s reception to our inaugural securitization marks a meaningful step in the evolution of our capital markets strategy. By establishing a presence in ABS, we’ve added a durable new financing channel alongside our warehouse financing, note issuances and syndication to our long-term bank relationships — setting a strong foundation to support the next phase of our growth.”
