Navitas Lease Corp. has completed an expansion of its revolving, Senior Secured Credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company.  This expansion to $50 million of its credit facility with Wells Fargo was agreed to as part of the company’s recent closing of a $22 million Series B Preferred Stock investment by BlueMountain Capital Management, LLC on behalf of funds it manages, and Navitas’ existing Series A Investors.

The facility will allow the company to continue to execute its growth plans aimed at the small ticket equipment finance market.  Gary Shivers, the company’s CEO says, “We are very pleased to have the continued support of Wells Fargo Capital Finance, an industry leader in Lender Finance. The company now has substantial financial strength to continue its expansion in the small ticket equipment finance market.”

"We are very pleased to broaden our relationship with Navitas Lease Corp.," said Andrea Petro, division manager of the Lender Finance division of Wells Fargo Capital Finance. "We look forward to supporting Gary Shivers and his team in its plans for the successful growth of their business."