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Clarus Closes $12MM Project Loan Financing for Private Equity-Backed Manufacturing Company

December 16, 2024, 07:05 AM
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Topic: Industry News

Clarus Capital announced the successful closing of a $12 million equipment loan facility designed to support the modernization initiatives of a private equity backed specialty manufacturing company. The financing allows the client to invest in state-of-the-art production equipment, driving greater operational efficiency and advancing the company’s long-term strategic objectives.

Clarus CEO Steve O’Leary said, “This transaction highlights our ability to provide custom financing solutions, including strategic progress payment structures, to sponsor-backed clients undertaking transformative projects. By enabling investment in advanced manufacturing equipment, our client is well-positioned to enhance production capabilities and capitalize on growth opportunities in an expanding market.”

Pat McAuliffe, Managing Director at Clarus Capital, added, “We worked closely with the sponsor and client to craft a tailored private credit solution that matched the project's phased payment requirements. This investment in core manufacturing assets will deliver significant operational improvements, supporting the company’s trajectory of growth and success.”

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