Claas sets up conduit via WestLB

September 22, 2005, 12:00 a.m. EDT 1 Min Read

WestLBrecently structured and arranged a $44 million securitization facility for Claas KGaA mbH units Claas of America and Claas Omaha. The facility is backed by agricultural equipment receivables originating from several hundred agricultural equipment and parts dealerships in the U.S. and Canada. The $40 million senior A class is funded by WestLB conduit Paradigm Funding, while the $4 million subordinated B class is funded by Landesbank Hessen-Thueringen Girozentrale.

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