Blank Rome Represents Pawnee Leasing Corporation in Closing Its Issuance of Asset-Backed Securities
A Blank Rome team represented Pawnee Leasing Corporation in closing its issuance (via a special purpose subsidiary) of $254,204,000 of asset-backed securities collateralized by equipment leases and loans. This was Pawnee’s first-ever rated term securitization, and marks the fifth transaction in 24 months that our Firm has handled for Pawnee, which joined as a client 26 months ago. The transaction closed on October 8.
Pawnee Leasing Corporation is an equipment leasing company founded in 1982 that conducts business in all of the lower 48 states of America, and specializes in providing business equipment leases for equipment financing through an independent network of lease brokers.