MassMutual Asset Finance (MMAF) is marketing an equipment lease and loan ABS deal worth approximately $755.24 million. The 144A deal is sole managed by JPMorgan Securities.
The transaction called MMAF Equipment Finance LLC Series 2011-A is backed primarily by large-ticket equipment loans and leases and related rights in assets acquired by MMAF in the syndicated loan and lease market, according to a Fitch Ratings presale report.
Fitch gave provisional ratings of ‘F1+sf’ to the deal’s class A-1 notes, ‘AAAsf’ to classes A-2, A-3, A-4, and A-5 notes, ‘AAsf’ to class B notes, ‘Asf’ to class C notes, and ‘BBBsf’ to class D notes.
This will be the third U.S. securitization issuance by MMAF. Fitch said the proceeds from the deal will be used for general funding purposes.