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Wintrust Commercial Finance Provides $18.5MM to Help Fund Strategic Acquisition

April 07, 2016, 07:19 AM
Filed Under: Specialty Industries

Wintrust Commercial Finance (WCF) recently provided $18.5 million in capital lease financing on material handling and construction assets for a major provider of outsourced services to the steel industry. Proceeds from the financing were used to complete a strategic business acquisition.

“This transaction further demonstrates WCF’s flexibility in working with its strategic syndication partners and their customers to deliver a customized solution to provide needed capital,” said Tom Forbes, senior vice president of Capital Markets for WCF.

Ryan Berlage, senior vice president of Credit for WCF added, ”WCF’s ability to meet with the customer to structure an attractive financing arrangement allowed us to add a reputable customer and desirable asset class to our growing portfolio.”

Since its inception in April, WCF has approved more than $450 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies throughout the United States and Canada. Focus industries include transportation, construction, manufacturing, energy services, aviation and turnkey property, plant and equipment, among others.  WCF is a business unit of Wintrust Financial Corporation.

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