Ascentium Capital LLC is issuing a new equipment receivables trust that “relevers” the overcollaterization and interest assets of a previous securitization it has sufficiently paid down, according to sources.

Ascentium, which originates and services equipment leases and loans through its own technology finance platform, is sponsoring Securitized Equipment Receivables Trust 2016-1 (SERT 2016-1), which will issue two series of asset-backed notes of an undetermined size.

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