Latest news with #Verdant
Yahoo
28-05-2025
- Business
- Yahoo
Verdant Commercial Capital Successfully Closes Fourth Asset-Backed Securitization for $400.6 Million
Record performance reflects strong performance, credit quality CINCINNATI, May 28, 2025--(BUSINESS WIRE)--Verdant Commercial Capital, LLC, the sixth largest independent equipment finance company in the United States, has announced the closing of its latest and largest 144a term securitization. The "VERD 2025-1" transaction totaled $400,639,000 in asset-backed notes collateralized by a diverse portfolio of high-quality equipment leases and loans, comprised of construction equipment, material-handling equipment, vocational vehicles, golf course related equipment and other industrial equipment. The average original equipment cost was about $150,000. The six classes of notes issued were rated by both Moody's and Fitch Ratings, with $339.3 million of the notes rated Aaa/AAA by the respective agencies. Demand was strong for the VERD 2025-1 issued notes, as evidenced by 54 orders from 26 unique investors, of which six were new investors, and exceeded three times oversubscription. "We're extremely pleased with the strong execution and enthusiastic response to our latest securitization, especially considering recent market turmoil," said Robert Moskovitz, Verdant's Chief Financial Officer. "The broadening of our investor base and sustained demand not only provide ample liquidity to support our continued portfolio growth but deliver meaningful value to our bondholders." This was Verdant's fourth term securitization and third 144a offering. The term ABS market is a key component of liquidity to support the company's continued lease and loan origination growth. "The market's recognition of our platform's high-performing assets is a powerful affirmation of the long-term value we're creating," said Mike Rooney, Verdant's Chief Executive Officer. "This successful offering highlights the strength of our vendor-focused origination model and the discipline of our world-class team—proving that when expertise, innovation, and strategic focus come together, the results are built to endure." BofA Securities acted as the structuring lead and joint bookrunner. Wells Fargo Securities was joint bookrunner. Regions Securities LLC was a co-manager. ABOUT VERDANT COMMERCIAL CAPITAL Verdant Commercial Capital is the sixth largest independent equipment finance company in the United States. Verdant provides financing solutions for the acquisition of business essential equipment and software in six industries: Industrial; Manufacturing; Specialty Vehicle; Golf, Sports & Entertainment; Renewables & Energy Efficiency; and Technology & Office Automation. Verdant brings partners the ability to fund business with transaction sizes from below $25,000 up to $100 million. The company is headquartered in Cincinnati and has offices across the U.S. Verdant has been named a Top Workplace by The Enquirer Media every year since 2022. For more information, visit View source version on Contacts Media Contact: Jane VanderhorstJane@ (513) 484-0753 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
Verdant Commercial Capital Successfully Closes Fourth Asset-Backed Securitization for $400.6 Million
CINCINNATI--(BUSINESS WIRE)--Verdant Commercial Capital, LLC, the sixth largest independent equipment finance company in the United States, has announced the closing of its latest and largest 144a term securitization. The 'VERD 2025-1' transaction totaled $400,639,000 in asset-backed notes collateralized by a diverse portfolio of high-quality equipment leases and loans, comprised of construction equipment, material-handling equipment, vocational vehicles, golf course related equipment and other industrial equipment. The average original equipment cost was about $150,000. 'We're extremely pleased with the strong execution and enthusiastic response to our latest securitization, especially considering recent market turmoil,' said Robert Moskovitz, Verdant's Chief Financial Officer. Share The six classes of notes issued were rated by both Moody's and Fitch Ratings, with $339.3 million of the notes rated Aaa/AAA by the respective agencies. Demand was strong for the VERD 2025-1 issued notes, as evidenced by 54 orders from 26 unique investors, of which six were new investors, and exceeded three times oversubscription. 'We're extremely pleased with the strong execution and enthusiastic response to our latest securitization, especially considering recent market turmoil,' said Robert Moskovitz, Verdant's Chief Financial Officer. 'The broadening of our investor base and sustained demand not only provide ample liquidity to support our continued portfolio growth but deliver meaningful value to our bondholders.' This was Verdant's fourth term securitization and third 144a offering. The term ABS market is a key component of liquidity to support the company's continued lease and loan origination growth. 'The market's recognition of our platform's high-performing assets is a powerful affirmation of the long-term value we're creating,' said Mike Rooney, Verdant's Chief Executive Officer. 'This successful offering highlights the strength of our vendor-focused origination model and the discipline of our world-class team—proving that when expertise, innovation, and strategic focus come together, the results are built to endure.' BofA Securities acted as the structuring lead and joint bookrunner. Wells Fargo Securities was joint bookrunner. Regions Securities LLC was a co-manager. ABOUT VERDANT COMMERCIAL CAPITAL Verdant Commercial Capital is the sixth largest independent equipment finance company in the United States. Verdant provides financing solutions for the acquisition of business essential equipment and software in six industries: Industrial; Manufacturing; Specialty Vehicle; Golf, Sports & Entertainment; Renewables & Energy Efficiency; and Technology & Office Automation. Verdant brings partners the ability to fund business with transaction sizes from below $25,000 up to $100 million. The company is headquartered in Cincinnati and has offices across the U.S. Verdant has been named a Top Workplace by The Enquirer Media every year since 2022. For more information, visit
Yahoo
15-05-2025
- Business
- Yahoo
PGA Championship brings business, spotlight to local suppliers
At 5:15 a.m. on Wednesday, Jaymin McAffrey rolled up to the front door of Quail Hollow Club and the PGA Championship. McAffrey quit golf soon after taking lessons in middle school, but this week he's in the middle of one of the sport's major championships. Dry conditions in store for start of PGA Championship McAffrey is co-owner of Verdant Bread, a Charlotte wholesale bakery chosen by concessionaire Patina Restaurant Group to provide baguettes and loaves of bread for some of the premium seating areas at Quail Hollow this week. And his arrival Wednesday morning was a personal delivery, the first of three days Verdant's breads will be served at the club during tournament week. 'It's an honor, for sure,' McAffrey told CBJ. While the order is on the smaller side for the bakery, Verdant appreciates the chance to be part of the PGA Championship and to introduce its products to a new audience. Verdant Bread is part of a baker's dozen of local and regional food companies supplying ingredients to Patina as part of the concessionaire's sourcing program. Executive chef Ed Milan told CBJ that Patina has included local flavors and food companies throughout the five years the company has been in charge of food and beverage for the PGA of America's events. The PGA of America owns and operates the PGA Championship, Senior PGA Championship, KPMG Women's PGA Championship and the Ryder Cup. Milan offers three succinct reasons for the program. It supports the local economy. The food is fresher. And most important? 'It's fun.' Read the full story on CBJ's website here.
Zawya
22-04-2025
- Business
- Zawya
Verdant Capital ranked 2nd in DealMakers Africa league table for East Africa
Verdant Capital ( has been ranked second in the Financial Advisers (Transaction Flow) category for East Africa at the 2024 DealMakers AFRICA Awards, under the General Corporate Finance sector. This ranking is the 5 th year in the row that Verdant has ranked in the top 3 in the DealMakers Africa East Africa league able, demonstrating the firm's consistent excellence in this market. This accolade highlights the firm's growing influence and consistent performance in East Africa's corporate finance space. The DealMakers rankings are the authoritative rankings for finance professionals in the African continent, across financial advisory, sponsor services, legal and transaction services / financial due diligence. Awards are among the most prestigious in the inve industry, celebrating firms that demonstrate excellence in advisory services, transaction execution, and overall impact in mergers and acquisitions, capital raising, and other corporate finance activities. Rankings are based on the volume and value of completed deals, with Verdant Capital's second-place ranking reflecting a year of strong strategic advisory and client-focused execution. In 2024 Verdant Capital, which is also trading under the Verdant IMAP brand, advised on transactions in sectors including financial services, fintech, agriculture, automotive, digital infrastructure and others, in East Africa, West Africa, Southern Africa and South Africa, transacting with corporates and financial investors from across Africa and from around the World.. The firm's deep market knowledge and expertise in mid-market transactions position it as a trusted adviser to companies, investors, and development finance institutions in East Africa and further afield. The firm continues to expand its regional presence, supporting clients with tailored financial solutions that drive meaningful impact across the continent. Distributed by APO Group on behalf of Verdant Capital. About Verdant: Verdant IMAP is a leading investment bank operating on a Pan-African basis and specialising in private capital markets. Verdant IMAP is the IMAP firm for its region; IMAP established in 1973, with 40 partner firms in 50 countries, with over 600 investment bankers and completing over 250 M&A transactions per year is the largest global M&A partnership. Verdant IMAP is a division of Verdant Capital. Verdant Capital is the manager of the Verdant Capital Hybrid Fund is investing mezzanine capital into inclusive financial institutions on a pan-African basis.
