West Bend, WI – Time Investment Company, Inc. announces successful completion of $114.7 million asset- backed securitization transaction
Time Investment Company Inc. (“Time Investment”), a leading third-party lender specializing in tailored sales financing programs, is proud to announce a successful completion of a landmark $114.7 million asset-backed securitization transaction through partnering with KeyBanc Capital Markets, Inc.
This significant financial milestone reinforces Time Investment Company’s commitment to innovation and financial excellence in the home improvement lending sector. The securitization transaction is backed by a diverse portfolio of high-quality assets, showcasing the strength and stability of Time Investment Company’s financial position.
Key Highlights of the Asset-Backed Securitization Transaction:
KeyBanc Capital Markets, Inc served as sole structuring agent and sole bookrunning manager for the transaction. The asset-backed securitization transaction amounted to an impressive $114.7 million and is the first in the history of Time Investment Company.
Diverse Asset Portfolio: The securitization is backed by a diverse portfolio of assets, carefully selected to optimize the transaction’s risk profile and enhance investor confidence.
Investor Confidence: The success of this transaction reflects the continued trust and confidence that investors place in Time Investment Company’s financial management and strategic vision.
Use of Proceeds: The proceeds from the securitization will be strategically deployed to further strengthen Time Investment’s market position, support growth initiatives nationwide, and enhance overall operational efficiency.
“We are extremely pleased with the strong demand for Time Investment Company’s first securitization,” said Michael Hafeman, Time’s Chief Executive Officer. “With over four decades of service in home improvement lending, we are eager to tap into the ABS markets as a steadfast capital resource to strategically foster company growth while maintaining our devotion to credit quality.”
