CNH Capital America priced a $528 million equipment lease deal, CNH Equipment Trust 2009-A. The deal was led by Barclays Capital and RBS Securities.
Details on the deal from ASR Scorecard database are available through the link below.
While much of the borrowing for the AI buildout has gone toward data-center construction, increasingly large debt packages are now being arranged to finance the chips.
Equipment loans and leases that Redaptive Sustainability primarily acquired from originators, will back the asset pool.
The top 20 obligors account for 32.0% of the aggregate securitization value, while the top 10 represent 18.8%, a moderately elevated concentration.
BasePoint's technology system, including a proprietary database of historical loan performance data going back 15 years and overseen by 20 data scientists, enables it to fund borrowers daily and apply margin calls every five days.
The sophomore outing follows a similar structure as the Clarus 2024-1, with six tranches of class A, B, C, D and E notes. The A2 tranche will issue the bulk of notes, $165.4 million.