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SierraCities Securitization Delayed

The securitization of SierraCities' equipment leasing portfolio has been postponed, pending delays in the acquisition of SierraCities by online marketplace giant VerticalNet (see ASR 11/13/00 p. 1).

Under the terms of the merger, a balance sheet cleansing securitization would have taken place before Dec. 14, the agreed upon deadline...

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