on Saturday, March 31, 2012
(Cedar Rapids, IA) – GreatAmerica Leasing Corporation (“GreatAmerica”) announced today that it completed its 11th term securitization in the amount of $376.5 Million. The notes were issued by GreatAmerica Leasing Receivables Funding, L.L.C., a GreatAmerica wholly owned subsidiary. The issue was characterized by strong investor demand with orders placed for 2.3 times the amount actually issued. The placement agents of the notes were Wells Fargo Securities, BofA Merrill Lynch, with SunTrust Robinson Humphrey acting as co-manager. The securitization brings the GreatAmerica inception-to-date note issuance total to more than $2.9 Billion.
“We are excited to see several new investors and at the same time honored to see so many repeat fixed income investors placing their trust in us again,” said Tony Golobic, GreatAmerica Chairman of the Board and Chief Executive Officer. “Our consistent ability to enter capital markets at an attractive price helps GreatAmerica continue to serve our customers and contributes to our record of 19 years of uninterrupted growth in originations.”
GreatAmerica Leasing Corporation was founded in Cedar Rapids, Iowa in 1992. GreatAmerica is a national commercial equipment finance company dedicated to helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. GreatAmerica provides financing and consulting services in all fifty states and some U.S. Territories. GreatAmerica has a staff of over 370 employees with offices in Iowa, Minnesota, Missouri and Georgia. www.greatamerica.com
Contact: Matthew L. Doty
Vice President, Corporate Communications
Tel. 319.261.4188 Fax 319.261.6188
GreatAmerica Leasing Corp. | 625 First St. SE, Suite 800 | Cedar Rapids, IA 52401