Post Road Equipment Finance (PREF, formerly known as Encina Equipment Finance) announced it has provided a $15 million lease to a precision machining component manufacturer, supplying the defense, semiconductor manufacturing, commercial aerospace, and space markets, to finance existing manufacturing equipment.

PREF was represented by Reed Smith LLP.

Launched in June 2017, Post Road Equipment Finance provides loans and leases ranging in size from $5 million to $75 million secured by essential-use equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types and industries (including, but not limited to, construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper & packaging, and transportation).