Business · Companies · 2 hrs ago
Newton Weighs $180 Million Bond Deal Partly Backed by AI Chip Loans
Newton Commercial Finance is discussing a potential $180 million bond offering with investors.
The company is a joint venture between Apple Bank and Eagle Point Credit Management.
The proposed asset-backed securities would be supported by equipment loans and leases.
Loans tied to AI chips would make up about 15% of the pool, alongside other equipment financing.
Marine assets and fixed-wing aircraft are each expected to account for about 20% and 15%, respectively.
The deal would add to a growing number of equipment-backed bonds with GPU loans, after offerings from Stonebriar and Wingspire also included them.
The plans are not final and may change, and the bonds are expected to receive ratings from AAA down to the BB tier.
Newton Commercial Finance is in early talks with investors about a potential $180 million bond offering partly backed by loans tied to artificial intelligence chips.
The planned asset-backed securities would be backed by equipment loans and leases, with AI chip loans making up about 15% of the collateral pool.
The pool is also expected to include marine assets and fixed-wing aircraft, at about 20% and 15% respectively.
The deal’s plans and details are not final and may change.
- Who
- Newton Commercial Finance, a joint venture between Apple Bank and Eagle Point Credit Management.
- What
- It is discussing a potential $180 million asset-backed bond offering partly backed by AI chip loans.
- When
- The talks were reported on November 12, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Potential offering
- $180 million
- AI chip loans
- About 15% of the collateral pool
- Marine assets
- Expected to account for about 20% of the pool
- Fixed-wing aircraft
- Expected to account for about 15% of the pool
- Expected ratings
- AAA to the BB tier