ABS

For the third consecutive year, the captive finance credit unit of farm equipment manufacturer/dealer John Deere is choosing February to launch an asset-backed securitization of agricultural and construction equipment retail loans it originates and services.

Bond Street in New York has gotten a commitment from the investment bank Jefferies to purchase up to $300 million of its small-business loans.

Volvo is preparing its seventh annual securitization of leases on trucks and other commercial equipment, according to Fitch Ratings.

Stonebriar Commercial Finance is sponsoring a four-note, asset-backed transaction that is supported by receivables from contracts it services with an aggregate outstanding balance of nearly $340 million.

Renovate America, one of the largest providers of Property Assessed Clean Energy Loans, is expanding into unsecured lending.

Prop 2017-1, as it is simply designated, is a $411 million ABS comprised of three classes of loans that will finance 63 aircraft that Elix Aviation has on lease to 17 airlines. Elix, majority owned by Oaktree Capital Management, focuses exclusively on the regional turboprop aircraft market.

Alcentra is the third manager in January to seek out a refinancing for one of its European collateralized loan obligation deals, according to a presale report from Standard & Poor’s.

As costs continue to fall, homeowners are increasingly opting to purchase solar photovoltaic systems, rather than allowing a developer to pay for installation and entering into a long-term power purchasing agreement.

A Dubai-based aircraft fleet owner is issuing its first rated securitization of loans to purchase a new series of older passenger jets that it will lease to 13 airlines globally.