AP Equipment Financing closed a new $130 million term securitization facility with Mizuho Bank. The additional bank facility increased AP’s capital stack to over $600 million.
“We are very excited to partner with Mizuho Bank and expand upon our existing lending relationships with yet another quality organization,” said Zack Marsh, CLFP, SVP at AP Equipment Financing. “The investment we made to lay the groundwork for this type of facility will provide AP the opportunity to more easily create these types of structured facilities in the future.”
“Mizuho’s expertise in providing this type of facility is matched only by our dedication to our clients,” said Jeremy Ebrahim, Head of Securitized Products Origination at Mizuho. “We are pleased to assist AP Equipment Financing with this transaction which will enable them to originate and finance equipment loan and lease contracts with commercial obligors across the U.S. to grow their core business.”
Chris Lerma, CLFP, President at AP Equipment Financing expands, “This transaction marks an important step in AP’s strategic initiative to optimize and diversify its capital structure and allows the company to continue to support its core finance business and expand newer business initiatives. The transaction also underscores the confidence our funding partners place in our experienced management team and our ability to originate and manage a solid profitable portfolio.”
With the closing of this facility AP is primed to further leverage their evolving platform and fuel their aggressive growth projections for 2025.