Westport, CT – June 17, 2024 – Post Road Equipment Finance (“PREF”, formerly known as Encina Equipment Finance) proudly announces the successful closure of two significant transactions within the media industry, solidifying its position as a premier financing partner in this dynamic sector.
In a substantial move, PREF has secured a $40 million lease line with a globally renowned diversified radio and TV broadcasting company. This investment will facilitate the acquisition of essential broadcasting equipment and mobile trailers, crucial for delivering high-quality live sports and entertainment experiences to audiences worldwide.
In addition, PREF has extended a $20 million loan to a leading diversified media company. This financing will support the expansion of new and existing TV transmitter stations and state-of-the-art studio and broadcasting equipment, empowering the company’s broadcast television production endeavors.
Represented by Reed Smith LLP, these transactions demonstrate PREF’s expertise and its commitment to facilitating growth and innovation across various industries.
About Post Road Equipment Finance
Launched in June 2017, Post Road Equipment Finance provides loans and leases ranging in size from $5 million to $75 million secured by essential-use equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types and industries (including, but not limited to, construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper & packaging, and transportation). To learn more, visit http://postroadef.com.