© 2024 Arizent. All rights reserved.

GE Capital to Issue ABS

General Electric Capital Corp. has filed a prospectus supplement to issue a securitization under its GE Equipment Midticket LLC, Series 2012-1.

The transaction worth $541.6 million is backed by a pledge of the issuing entity’s assets., which include equipment loans and leases, and the security interests in or ownership of, the related industrial, construction and transportation equipment. It also includes maritime assets, technology and telecommunications equipment as well as furniture and fixtures or other equipment.

Bank of America Merrill Lynch and JPMorgan Securities are the joint bookrunners of the class A and class B notes. CastleOak Securities and Credit Suisse are the  co-managers of the class A notes.

For reprint and licensing requests for this article, click here.
ABS
MORE FROM ASSET SECURITIZATION REPORT