The transaction, identified as Redaptive Equipment Issuer 2026-1, follows the company’s previous $216 million Energy-as-a-Service securitization from December 2025. Unlike the earlier deal focused on energy service contracts, this portfolio spans a diverse array of assets, including transportation, manufacturing, marine, and IT equipment. By packaging these payment streams, Redaptive aims to provide investors with infrastructure-like cash flows backed by the company's internal credit and collateral analysis.
In section Releases
Redaptive Secures $137.4 Million Through Inaugural Equipment ABS Deal
Energy solutions firm Redaptive has closed a $137.4 million asset-backed securitization, marking its first foray into equipment-based financing. The deal, structured by ATLAS SP Partners, pools various industrial and commercial contracts to tap into capital markets, signaling a shift in how the Denver-based company scales its infrastructure projects.
Matt Gembrin, Chief Investment Officer at Redaptive, noted that the move extends the firm’s ability to finance infrastructure at scale while validating its data-driven underwriting model. ATLAS SP Partners, majority-owned by Apollo funds, served as the sole structuring agent and bookrunner. Thomas Pai, Managing Director at ATLAS, emphasized that the deal highlights the company’s ability to guide first-time issuers into the ABS market. The offering has received a rating from DBRS Morningstar, reinforcing the firm's transition from traditional capital expenditures toward more flexible, performance-backed financing solutions.
Comments (0)
No comments yet. Be the first!