After nearly disappearing from the asset-backed securities market, ORIX Credit Alliance stepped out of a five-year hiatus this month, pricing a $200 million equipment lease-backed deal in the public term market - the first of plenty more, said Joseph McDevitt, chief financial officer and executive vice president at ORIX.

"We had been using conduits previously," McDevitt explained. "This is not really a return to market, but really a shift from the conduits back into the public market, because we felt that we could get better pricing."

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