Westport, CT – March 16, 2023 – Post Road Equipment Finance announced today that it has provided a $21 million loan to a leading heavy machinery manufacturer to finance new and existing assets.
“After building a relationship with the company and working hand-in-hand with their sponsor over the past year, Post Road Equipment Finance was thrilled to provide additional liquidity that the company can use to execute on their growth plans in 2023,” said Wren Rex, Managing Director of Post Road Equipment Finance.
Rex further stated, “This is just another example of how Post Road Equipment Finance’s customer facing go-to-market strategy is delivering for our customers with speed and certainty of execution.”
Post Road Equipment Finance 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.