CNH Capital America is in the market with its first equipment lease securitization this year, according to a deal term sheet filed with the Securities Exchange Commission.
The deal will issue $844 million of securities backed by fixed-rate retail installment sale contracts and retail installment loans secured by agricultural or construction equipment.
On offer are four tranches of class A, senior notes and a subordinate, class B tranche.
Bank of America Merrill Lynch, Deutsche Bank and Societe General are lead managers on the deal. Citigroup, Rabo Securities, Credit Agricole and Wells Fargo are the co-managers on class A notes only.