Recent transactions
$187M
Leases
Aerospace & Defense Manufacturer
$81M
Capital Lease
Automotive Component Manufacturer
$20M
Capital Lease
Transportation Services Company
$20M
Lease Line
Organic Food Producer
$119M
Leases
Jones Act Marine
Equipment Operator
$25M
Lease Line
Global Data Center
$21M
Loan
Heavy Machinery Manufacturer
$12M
Lease
Hospital Network
$25M
Lease
Logistics Transportation Company
$30M
Lease
Plastic Films
Manufacturer
$77M
Lease
Industrial Engineering Organization
$45M
Lease
Cast Metal
Manufacturer
Overview
- Global precision casting manufacture of highly engineered products
- Company sells to blue chip customers in aerospace, military, and industrial gas turbine industries
- Private equity sponsor is a global investor with $84MM+ in AUM
Opportunity
- Company need for incremental liquidity to fund near-term growth capex to match increased customer demand
- Alternative was to purchase with additional debt issuance or seek refinancing from another lessor
- PREF provided a fixed rate tax lease line which funded multiple 60-month tax leases
Transaction Highlights
- PREF transaction created a lower monthly lease payment, freeing up additional cash flow
- Company’s strong asset utilization helped achieve a 30%+ increase in EBITDA
- PREF’s precision and execution cultured a relationship resulting in multiple closed transactions
Overview
- Leading Tier 1 global auto manufacturer and supplier.
- PE Sponsor is a global diversified investor with >$2B AUM.
Opportunity
- Equipment needed to manufacture sole-sourced parts for OEM’s SUV program.
- Alternatives: Pay cash for equipment or utilize a combination of cash and credit facilities.
- Preference: Work with Post Road to maintain cash balance and near-term liquidity.
- Collateral: Recently installed manufacturing equipment - critical to strategic OEM.
Transaction Highlights
- Revenue and EBITDA grew despite industry headwinds.
- Allowed company to maintain a long-term OEM contract and maintain adequate liquidity.
- Repeat business - initial transaction led to additional financings, with both sponsor and client appreciative of Post Road's quality of execution.
Overview
- Leading provider of transportation and logistics services for major U.S automotive OEMs.
- PE Sponsor is a diversified investor with >$4B AUM.
Opportunity
- Need: New tractors and trailers to optimize fleet utilization and maintenance costs.
- Alternative: Pay cash for re fleeting project.
- Preference: 60-month capital lease with Post Road to maintain covenant requirements.
- Collateral: Freightliner tractors and Cottrell car haul trailers.
Transaction Highlights
- Provided the new equipment with no impact to leverage.
- Company was able to significantly lower operating expenses.
- Post Road’s speed and certainty of execution allowed for multiple transactions with company.
Overview
- Leading global company focused on high quality organic and healthy food products.
- Company is a large public company with >$1.5B enterprise value.
Opportunity
- Need: New manufacturing equipment to maintain strong customer relationships and meet demand.
- Alternative: Draw on revolving credit facility to fund equipment purchase.
- Preference: Post Road tax lease structure in order to maintain revolver availability and liquidity.
- Collateral: Aseptic equipment.
Transaction Highlights
- Provided Revenue and EBITDA growth and improved margins.
- Post Road’s transaction allowed for the company to maintain adequate liquidity to service debt.
- Post Road’s speed and certainty of execution allowed for multiple transactions with company.
Overview
- Client is a full-service Jones Act marine logistics provider operating across inland rivers and ports from coast-to-coast
- Utilizing over 120 vessels, company providers bunkering, fuel terminal transportation, ship assist & escort, harbor & contract services, and terminal services
- Private equity sponsor is a global diversified investor with $588MM+ in AUM
Opportunity
- Continued use of tugs and barges coming off lease
- Client utilized PREF’s fixed rate and useful life of assets to refinance marine assets while lowering monthly payments
- Series of 72-month fixed rate tax leases
Transaction Highlights
- PREF financing allowed company to free up additional cash flow
- PREF’s precision and execution led to multiple transactions over several years
Overview
- Leading global data center serving end-to-end multicloud technology services company servicing Fortune 100 customers.
- Company is a large public company with >$4B enterprise value.
Opportunity
- Need: Additional equipment to support and foster strategic growth initiative.
- Alternative: Pay cash for equipment and or use undrawn revolver.
- Preference: Post Road's 36-month fixed rate financing and keep revolver availability
- Collateral: Servers, network equipment, and storage equipment.
Transaction Highlights
- Expansion allowed for new customers and provide additional capacity for existing customers.
- Company was able to complete acquisitions and grow its IT services segment with equipment purchased.
- Post Road's transaction allowed the company to keep revolver undrawn.
- Transaction allowed for company to maintain status as an industry leader through strategic acquisitions.