Westport, CT – September 11, 2023 – Post Road Equipment Finance (“PREF”, formerly known as Encina Equipment Finance) announced today that it has provided a $15 million lease line to a global leading orthopedic implant device manufacturer to finance new and existing manufacturing equipment.
“Post Road was able to provide a creative and flexible lease facility to provide both capital lease and operating lease options to address our client’s credit facility requirements. We are excited to close our first lease facility with this Sponsor as we continue to expand our relationships and scope of solutions.” said David Johnson, Managing Director of 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.