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Clarus Capital Closes $25MM Lease Financing for Precision Components Manufacturer

May 22, 2023, 06:00 AM
Filed Under: Equipment Finance News

Clarus Capital completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. Financing proceeds will support the installation of new essential use production equipment across multiple facilities.

Clarus CEO Steve O’Leary said, “Clarus is excited to serve as a financial partner for this well-established manufacturer serving a diverse array of industries critical to U.S. infrastructure. The transaction highlights Clarus’ ability to deliver thoughtful financing solutions to leveraged businesses in tight timeframes. We look forward to additional opportunities to support the Company with its future capital projects.”

Clarus Chairman Tim Conway added, “Clarus delivers efficient capital solutions to portfolio companies of premier middle market sponsors. This transaction showcases Clarus’ extensive experience underwriting leveraged businesses and ability to execute as committed despite ongoing turbulence in the capital markets.”

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

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