CNH Capital America priced its first equipment lease securitization of the year, Wednesday according to a deal term sheet filed with the Securities Exchange Commission.

The deal was upsized to $1 billion from $844 million. The capital structure offered four tranches of class A, senior notes and a subordinate, class B tranche. The 1.10-year, class A-2 notes priced at 22 basis points over Eurodollar synthetic forward curve.

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