General Electric Capital Corp. plans to issue $718.95 million of securities backed by commercial finance leases from its GE Equipment Small Ticket trust. Series 2014-1, according to a Fitch Ratings presale report.
The commercial finance leases backing the series 2014-1 notes are primarily for office imaging (OI) equipment originated GECC. Within the pool, originations related to a particular original equipment manufacturer (OEM) represent 30.1%. This is the third transaction to include the OEM portfolio.