General Electric Capital Corp. is in marketing $589.1 million of notes backed by equipment leases, according to a regulatory filing.
The deal, GE Mid-Ticket Equipment LLC, Series 2014-1, will issue five classes of notes: $138.6 million of class A-1 notes maturing in September 2015, $190 million of class A-2 notes maturing in April 2017, $173 million of class A-3 notes maturing in May 2018, $77.5 million of class A-4 notes maturing in August 2023, and $10 million of class B notes maturing in August 2023
The notes are backed by leases on industrial equipment, transportation equipment, contstruction equipment, maritime assets, furniture and fixtures, healthcare equipment and technology and telecommunications equipment
Credit Suisse and J.P. Morgan are the joint bookrunners.
