Equilease closes conduit facility

Equilease Financial Services recently completed a $100 million lease-backed commercial paper conduit transaction with Autobahn Funding and NewStar Financial as lenders and DZ Bank as agent. This transaction supports Equilease's business strategy of providing equipment leasing and financing to privately held companies and small publicly traded businesses, according to a release. Additionally, it complements its strategy of acquiring seasoned portfolios from banks, manufacturers and other lenders that have withdrawn from the marketplace.