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NFS Leasing Closes Debt Financing with AG Manufacturing that Buy’s Out Existing Lender

February 11, 2020, 07:15 AM

NFS Leasing, Inc. and AG Manufacturing announced they have closed on custom financing for AG Manufacturing that buys out its existing lender and provides additional working capital. This working capital will support manufacturer in its endeavors in continued growth and expansion, and will allow it to continue to serve its customers with the excellence.

AG Manufacturing is a manufacturer of wire and cable assemblies and engine solenoids/actuated components for the automotive OEMs, automotive aftermarket and military industries. It is also a certified minority- and veteran-owned business.

“Completing a deal like this was extremely valuable to NFS,” said Dean Oliver, Principal at NFS Leasing, “We are known for unique stories and deals such as this certainly help showcase our true capabilities.”

NFS Leasing is known as the story lender and works with challenged credits of all kinds from startups to turnarounds.

“Working with NFS was an incredible experience for us,” said Victor Edozien, AG Manufacturing’s CEO, “We never expected this process to be so easy. NFS was fast, knowledgeable, and transparent throughout all of our interactions. They structured a custom transaction to meet our needs and enable our growth.”

NFS Leasing is a privately held North American leader in equipment finance with more than 18 years’ experience.

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