North Mill Equipment Finance (NMEF), an independent commercial equipment lender, closed NMEF Funding 2026-A, a $440 million asset-backed securitization. The transaction marks NMEF’s 11th equipment finance securitization and brings the company’s total issuance volume to more than $3.5 billion. A total of 43 unique investors participated in the transaction, including 12 first-time investors. The transaction was nearly seven times oversubscribed.
“We are extremely pleased with the outcome of this transaction,” Mark Bonanno, president and chief revenue officer of NMEF, said. “The depth of investor participation and the strength of the order book reflect continued confidence in the quality of our originations, the consistency of our credit performance and the durability of our platform. We are particularly encouraged by the number of new institutional investors who joined this issuance.”
Mitch Tobak, vice president – corporate development at NMEF, added, “NMEF is grateful for the continued trust of investors and committed execution by our banking partners. With our strong liquidity position, we are focused on serving our origination partners and bringing high quality paper to the ABS capital markets.”
NMEF Funding 2026-A is collateralized by a diversified pool of commercial equipment finance receivables originated and serviced by NMEF.