Westport, CT – November 12, 2024 – Post Road Equipment Finance (“Post Road”) is pleased to announce the successful completion of two landmark transactions in the specialty chemicals sector, reinforcing its role as a trusted financing partner for leading companies in the industry.
In the first transaction, Post Road Equipment Finance finalized a $15 million lease line facility to a global manufacturer of specialty chemicals, supporting its operations across the pharmaceuticals, electronics, and industrial markets. This funding will enable the acquisition of advanced chemical manufacturing equipment, critical to enhancing the company’s operational efficiency, expanding capacity, and increasing production output at its flagship facility.
Additionally, Post Road Equipment Finance extended a $20 million lease line to a leading manufacturer and distributor of specialty chemical compounds, serving the personal care, food, consumer products, and industrial markets. The line is being used to finance new equipment essential for reducing production costs and enabling vertical integration across the company’s two most profitable business segments.
“The $20MM line was structured as a $10MM line with a $10MM accordion, providing our customer with the flexibility to easily increase their use of our capital, of which they are already taking advantage. Both companies and their sponsors were a pleasure to work with and we look forward to continuing to deepen our expertise and investment in this space,” said Wren Rex, Senior Managing Director at Post Road Equipment Finance.
PREF was represented by Reed Smith LLP.
About Post Road Equipment Finance
Launched in June 2017, Post Road Equipment Finance provides loans and leases ranging in size from $5 million to $75 million secured by essential-use equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types and industries (including, but not limited to, construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper & packaging, and transportation). To learn more, visit http://postroadef.com.