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Article: American Business Financial Services, Inc. Completes $80.0 Million Securitization of Small Ticket Equipment Leases
- Article from:
- PR Newswire
- Article date:
- June 30, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALA CYNWYD, Pa., June 30 /PRNewswire/ -- American Business Financial Services, Inc. ("ABFS") (Nasdaq: ABFI) announced today that through its two main leasing subsidiaries, American Business Leasing and Federal Leasing Corp., it has completed a $80.0 million securitization backed by small ticket equipment leases. The transaction consists of 2 classes of securities.
The transaction was structured as an Owner's Trust entitled ABFS Equipment Contract Trust 1998-A. The Class A Notes will receive a AAA/Aaa rating from Standard and Poor's Corporation and Moody's Investor Service, Inc. Financial Security Assurance, Inc. (FSA) will issue a certificate insurance ...
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