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Wintrust CF Funds, Arranges $46MM in Financing for Civil Engineering Firm

April 09, 2019, 07:17 AM

Wintrust Commercial Finance (WCF) announced the origination and placement of $46 million in debt financing for one of the largest civil engineering and construction firms in the U.S. WCF holds approximately $22 million of the transaction and successfully syndicated the remaining $24 million.

The funds were used to purchase and refinance construction equipment supporting the customer’s multiple projects. The transaction was led by Vice President of Direct Originations Ed Parker; the syndication was arranged by Vice President of Capital Markets Justin Clark.

“The Wintrust team has worked hard to build a strong working relationship with the customer through providing financing on new equipment,” said Kirk Phillips, President and CEO of WCF. “Our ability to deliver what we promised and execute flawlessly led the company to further entrust us with their fleet refinance. We look forward to being a long-term provider of capital to this industry leader.”

Since its inception in 2015, WCF has provided more than $1.2 billion in financing for its customers and strategic relationships. WCF is an equipment-focused financing group, headquartered in Frisco, TX. WCF, a division of Wintrust Asset Finance Inc., is a business unit of Wintrust.

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