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Encina EF Provides $38MM Equipment Lease to Manufacturer

August 25, 2020, 07:15 AM
Filed Under: Manufacturing

Encina Equipment Finance (EEF) announced it has provided a$38 million equipment lease to a leading automotive component manufacturer. The five-year lease is being used to finance new equipment.

EEF was represented by Reed Smith LLP.

Encina Equipment Finance launched in June 2017. It provides loans and leases ranging in size from $5 million to $50 million and secured by essential-use machinery and equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types, industries (including, but not limited to, construction, distribution, energy, food processing, healthcare, information technology, manufacturing, mining, paper & packaging, and transportation) and use cases (including loans against existing or newly acquired assets, leases of newly acquired assets and sale-leasebacks of existing assets).

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