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North Mill EF Upsizes Investment Grade Bond Issuance to $25MM

March 09, 2021, 07:18 AM
Filed Under: Industry News

North Mill Equipment Finance LLC, an independent commercial equipment lessor located in Norwalk, CT., announced the upsizing of its existing investment-grade rated corporate notes to $25 million. The company intends to use the net proceeds from the transaction for working capital and general corporate purposes to support additional growth.

“Through our expertise in providing a comprehensive portfolio of lending solutions tailored to small- and mid-sized enterprises, North Mill achieved an exceptional year of growth, despite economic uncertainty of the past year,” said Pier Snider, Chief Financial Officer of North Mill. “This additional capital is a strong endorsement from the institutional investor community and will allow us to provide our clients the capital they need to accelerate their growth as the economy reopens.”

Brean Capital, LLC served as the company’s Exclusive Advisor and Placement Agent in connection with this transaction.

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