August 28, 2023
Post Road Equipment Finance, LLC (PREF) announced an increase to its non-recourse senior warehouse facility to $700 million of aggregate commitments.
The overall facility size was increased from $550 million to $700 million through the addition of Wells Fargo Bank, N.A. as a new lender. Bank of America, N.A. is the Administrative Agent and the lead lender for the facility, which now has four lenders. PREF also recently extended the facility’s revolving commitment period to August 2025.
“We are very pleased to have Wells Fargo Bank, N.A. join our warehouse facility,” said Tom Davidson, EVP and CFO of PREF. “The experience, strength, capacity and reputation that Wells Fargo brings to the table are all tremendous assets to PREF and will help us to further scale our business while expanding our bank relationships. In addition, we are delighted that all of our existing lenders have elected to extend their commitments to Post Road.”
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.