GE to Issue an Equipment ABS

March 07, 2012, 3:22 p.m. EST 1 Min Read

General Electric Capital Corp. (GE) is going to issue under its GE Equipment Transportation LLC, Series 2012-1. The deal will be sized at $716.5 million, according to a Securities and Exchange Commission (SEC) filing on the offering.

The transaction is backed by equipment loans secured by transportation equipment.

For the SEC filing related to the deal, please click here.

Joint bookrunners of the class A and class B notes are Credit Suisse and Royal Bank of Scotland. Meanwhile, the securitization's co-managers of the class A notes are JPMorgan Securities and Mischler Finacial.

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