Dividend Finance Inc (“Dividend” or the “Company”), a leading FinTech point-of-sale lender to home improvement and solar contractors, was named as the recipient of GlobalCapital magazine’s “Esoteric Issuer of the Year” for 2019.
Dividend’s Series 2019-1 transaction, totaling $234,590,000 of Dividend Solar Loan Backed Notes, was Dividend’s fourth asset-backed securitization and closed on July 11, 2019. Citi acted as Sole Structuring Agent and Bookrunner on Dividend’s Series 2019-1 transaction and Credit Suisse Securities (USA) LLC and KeyBanc Capital Markets Inc. as co-managers. Dividend Solar Loan Backed Notes, Series 2019-1, were rated by Kroll Bond Rating Agency, Inc. and received “Green Bond” designations from Sustainalytics pursuant to the standards of the International Capital Market Association.
“Dividend is thrilled to be the recipient of the ‘Esoteric Issuer of the Year’ by GlobalCapital. Receiving this award portrays the importance of solar loan asset-backed securities and ‘Green Bond’ designations not only for Dividend, but also for the overall Capital Markets sector,” said Eric White, Dividend’s CEO.
The award was the result of GlobalCapital taking nominations in each category at the start of the year and polling the market to determine the winners, collecting nearly 2,300 votes.