Westport, CT – September 3, 2024 – Post Road Equipment Finance ("PREF") is pleased to announce the successful closing of an $85 million lease line for a leading manufacturer and distributor in the custom home furnishings industry. The company offers a comprehensive product portfolio with a wide range of designs that cater to different price points and levels of customizability.
With the majority of the lease line funded at closing, the company received timely liquidity to support its working capital needs and future capital expenditures. The long-term, tax-lease structure allows for slower amortization, enabling the company to effectively manage the cyclical nature of the housing market while investing in increased automation and expanding capacity.
“It was a pleasure to once again collaborate with one of our largest sponsor relationships, providing the company with the capital needed to execute their growth plans," said Wren Rex, Senior Managing Director, Post Road Equipment Finance. "The closing of this transaction was a significant team effort, with Post Road, the sponsor, and the company working seamlessly together to achieve a common goal within the set timeline.”
PREF was represented by Reed Smith LLP.
About Post Road Equipment Finance
Launched in June 2017, Post Road Equipment Finance provides loans and leases ranging in size from $5 million to $100 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.