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Clarus Capital Closes $20MM Loan Facility for Specialty Industrial Manufacturer

October 10, 2022, 07:44 AM
Filed Under: Manufacturing

Clarus Capital announced it has completed a new loan facility for a specialty industrial manufacturer. Clarus’ financing will support the company’s multi-year commitment to upgrade its existing production equipment and drive efficiency.

Clarus’ transaction team was led by Director of Originations Doug Slagle. “It was a pleasure working with the company to finance such strategic equipment that will propel efficient growth into the future,” said Slagle. “We appreciated the opportunity to work with this dedicated management team and are excited to build on our already strong relationship. The Clarus team worked closely with various functions of the business to assure a smooth and on-time closing,” Slagle added.

Clarus CEO Steve O’Leary said, “We appreciate the opportunity to serve as a strategic partner for a seasoned manufacturer of precision engineered products. Our client has a long track record of success, and we were pleased to deliver a customized capital solution tailored to meet the unique requirements of this multi-year modernization initiative. Clarus continues to structure and execute equipment transactions up to $30 million for its own balance sheet, with reliability and certainty of close. We look forward to additional opportunities to support the company with other future capital projects.”

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