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Capteris Closes $350MM Credit Facility with Truist and Bank of America

September 08, 2023, 07:56 AM
Filed Under: Lender Finance

Capteris announced the closing of a new $350 million credit facility to support the growth of its equipment finance business. The lenders partnering with Capteris include Truist Bank as administrative agent and Bank of America. 

Capteris specializes in providing tailored large-ticket equipment lease and loan financing for numerous industries and collateral types. “We are very pleased to be partnered with Truist Bank and Bank of America – two leading financial institutions. They truly understand the equipment finance industry and this new facility will further position us for meaningful growth,” said Brian Nethercott, Chief Financial Officer and Chief Operating Officer of Capteris.  

Eric Dusch, Capteris President and CEO, added, “This level of financial support is a testament to the talent, strategy and overall strength of Capteris. The new credit facility combined with our ownership structure and best-in-class team uniquely positions Capteris to deliver attractive equipment financing solutions for our midmarket, large corporate and financial sponsor segments.”

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

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