LEAF Commercial Capital, an commercial equipment leasing and finance company, closed a new securitization transaction, LEAF 2015-1, which was completed on April 30, 2015.

Credit Suisse Securities was the bookrunner and structuring agent of the notes with Guggenheim Securities, and Wells Fargo Securities, as co-managers. LEAF will continue to be the servicer of the assets.

EAF issued nine fixed rate classes of notes that were rated by Moody’s and DBRS. The transaction achieved efficient Triple-A pricing, with a larger proportional size of Triple-A bonds than previously offered. This was a private offering made to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, by LEAF Receivables Funding 10, a wholly owned subsidiary of LEAF Commercial Capital.

Through LEAF 2015-1, LEAF securitized a portfolio of approximately $336 Million of commercial equipment leases and loans through the issuance of equipment contract-backed notes. The transaction is the fourth securitization that LEAF has sponsored since its inception and its largest single issuance to date. The portfolio of leases and loans encompasses a diverse array of equipment types, from office automation, telecommunications solutions, technology and network infrastructure, light industrial and healthcare-related equipment.

Miles Herman, president and COO of LEAF, stated, “LEAF Commercial Capital is pleased with the continued, strong receptivity from our diverse investor base making 2015-1 our largest securitization to date. This successful transaction is an endorsement by investors and rating agencies of the strong and consistent results of our portfolios. This achievement will continue to support LEAF’s strong origination growth this year.”