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Wintrust CF Approves $14.6MM Financing for Mining Contract Driller

February 07, 2018, 07:10 AM
Filed Under: Mining

Wintrust Commercial Finance (WCF) has approved $14.6 million in equipment financing on mobile drilling assets for a major contract driller to the West Coast mining industry. Proceeds from the financing were used to replace existing debt and fund new drill acquisitions. “This transaction further demonstrates WCF’s commitment to growing its customer base on the West Coast and delivering customized solutions to middle market companies,” said Olayinka Sanusi, vice president of West Coast direct originations for WCF.

“This was a great team win for Ola and our credit/legal/asset management team,” said Joe Thompson, chief operating officer of WCF. “Penetration of direct relationships such as this is a key strategy for WCF.” 

Since its inception in 2015, WCF has approved more than $853.3 million in financing for its customers and strategic relationships.

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