DBRS Assigns New Rating to the Revolving Debt Obligations of Macquarie Equipment Funding, LLC Under the Amended and Restated Loan and Servicing Agreement

DBRS, Inc. (DBRS) has assigned a new rating of AA (high) (sf) to the revolving debt obligations of Macquarie Equipment Funding, LLC (Borrower) under the Amended and Restated Loan and Servicing Agreement (Facility). The Facility has a maximum commitment amount of $300,000,000. Assets securing the Facility consist of a portfolio of commercial lease contracts relating to a range of information technology, computer, medical, industrial and other equipment, together with moneys received relating thereto and any additional related security including Borrower’s rights in equipment.

The Facility has a one-year revolving period followed by amortization until the final maturity date, which is six months from the last scheduled lease payment date. Macquarie Equipment Finance, Inc. (MEF) serves as the Servicer, the Custodian and the interest rate swap counterparty. Macquarie Bank Limited provides guarantees with respect to servicing performance of MEF and its obligations under the interest rate swap.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.