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Clarus Capital Closes $30MM Lease Financing for Sponsor-backed Critical Logistics Provider

May 08, 2023, 06:00 AM
Filed Under: Logistics

Clarus Capital completed a new $30 million Lease Facility for a specialty logistics provider with hubs at major infrastructure facilities around the U.S. and abroad. Financing proceeds will support corporate liquidity, new equipment purchases, as well as strategic expansion initiatives as the client continues to implement proven organic and strategic growth initiatives.

Clarus CEO Steve O’Leary commented “Clarus continues to demonstrate the flexibility of its product offering and ability to tailor solutions to fit the complex needs of leveraged, sponsor-owned platforms. Our team delivered a strategic solution to optimize liquidity through existing revenue generating assets across multiple locations. We appreciate the opportunity to partner with this client and sponsor and look forward to working with both again to help with additional financing needs.”

Clarus Chairman Tim Conway added “This marks Clarus’ second transaction with this sponsor in the past few months and is a testament to the team’s execution capabilities amid turbulent market conditions. Despite market volatility, Clarus once again closed on its proposed terms, providing execution certainty for the client and sponsor. The Clarus team continues to build on its 20+ years of leveraged finance experience with middle market private equity firms as it structures reliable, custom solutions for these sophisticated partners.”

For more equipment finance industry news, visit Equipment Finance Advisor.

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