Rothschild Inc. recently closed its second deal this year, a $33 million micro-ticket equipment leasing transaction for Golden Eagle Leasing.
The triple-B-rated deal priced in the 8% range. Moody's Investors Service provided the sole rating on the transaction, which was structured without a wrap.
"We're very proud of the deal," said Jewel Bickford, head of the securitization group at Rothschild. "It required a great deal of structuring, and we're very happy with the final outcome."
Rothschild placed the Rule 144A deal with "two of the most prestigious investors," Bickford said.
Golden Eagle micro-ticket leasing includes products such as credit card processing equipment, point-of-sale equipment, and non-bank ATM machines. Golden Eagle is a subsidiary of Hypercom Corp., a publicly traded company.
Separately, Rothschild is near hiring a managing director for its asset-backed group. It's said that the firm has narrowed its search down to three finalists for the position, and should have an offer out by this week. Rothschild is also close to adding one more analyst and a vice president, which would bring its group back up to nine, even with the transfer of Ken White to the firm's London office.
Rothschild has been slowly rebuilding its group since seven staffers left the team last fall, joining West LB.