Post Road Equipment Finance ("PREF") announced the successful closing of a $65 million sale-leaseback transaction with a leading global manufacturer of precision castings. The company specializes in highly engineered components, serving blue-chip customers across the commercial aerospace, military and industrial gas turbine markets.

“Early last year we announced the closing of a similar transaction with this strategic customer of ours. Over the past four years we have provided the company with $185 million of liquidity across three transactions,” said Wren Rex, Senior Managing Director of Post Road Equipment Finance. “In the A&D industry, building capability and capacity to satisfy increasing customer demand requires a significant capital expenditure investment. The company continues to perform well and has many liquidity levers available, but they chose to pursue equipment financing via Post Road as an expedient, reliable path to generate capital for their ongoing growth investments.”