Utica Equipment Finance announced the completion of three transactions totaling $10,900,000 in December:

• A $2,350,000 Capital Lease secured by multi-passenger and delivery vans. The company operates out of seven major U.S. cities and engages in corporate and government long-term rental contracts. With Utica’s funding they were able to refinance existing vehicles. This is the second transaction that Utica has completed with this customer.
• A $1,850,000 Capital Lease secured by manufacturing and fabrication equipment to a prominent manufacturing and fabrication company based in Louisiana. Specializing in oilfield fabrication, shipbuilding, and repair of steel & aluminum Vessels, the company has strategically utilized this funding to secure working capital by leveraging its unencumbered equipment.
• A $6,700,000 Capital Lease to two coal mines in West Virginia secured by trucks, dozers, excavators and wheel loaders. The mines comprise both a metallurgical surface mine, featuring a coal preparation plant and a CSX rail loading facility, and a metallurgical and thermal coal surface mine, complete with a coal preparation plant. Utica's financing enabled the company to successfully refinance existing assets, clear outstanding personal property taxes, and secure additional working capital.

Utica Equipment Finance provides companies in a wide array of industries with collateral and credit-based equipment financing products ranging from $1,000,000 to $50,000,000.