FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Capteris Closes $15MM Term Loan for Logistics Solutions Provider

October 23, 2023, 07:05 AM
By
Topic: Industry News

Capteris LLC announced the closing of a $15 million term loan with a major North American logistics solutions provider. The loan was part of a larger refinancing package by which Capteris was able to provide an attractive debt solution that allowed the company to address current loan maturities while freeing up liquidity from their existing fixed assets.

“Working closely with our Capital Markets partner, we were able to provide a meaningful capital commitment to help our mutual client achieve their desired liquidity and cash flow goals,” said Lance Rhodes, Managing Director and Head of Capital Markets at Capteris.

Capteris is a provider of mid and large ticket equipment finance solutions targeting the midmarket, large corporate, and financial sponsor segments.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.