Clarus Capital announced that it has completed the arrangement of a $70 million lease facility for a sponsor-backed transportation service provider. Financing proceeds supported strategic growth initiatives and fleet expansion. Clarus funded half of the facility for its own account and placed the remaining amount with multiple lessors.

Clarus CEO Steve O’Leary said, “This was a large and complex transaction with significant strategic upside to this well-known sponsor. Clarus executed its approval efficiently against a challenging funding deadline and then brought in additional investors to complete the execution. Clarus can not only write sizeable checks, but we have the institutional depth and experience to execute well beyond our own balance sheet. This was the second substantial transaction for this sponsor in 2023, and we look forward to finding other ways to support their portfolio companies.”

Clarus Chairman Tim Conway added, “This transaction highlights Clarus’ ability to execute complex, multi-party financings even in the face of volatile market conditions. The Clarus team has supported middle market sponsors for well over 20 years, and we continue to demonstrate the sophistication and reliability required to win and execute that business. Our leveraged finance experience now enables us to deliver flexible financing solutions for mission critical assets across that same client base.”