Liberty Commercial Finance announced the closing of a private placement of $30 million aggregate principal amount rated BBB by Egan Jones. Piper Sandler served as the sole placement agent for this offering.

Eric Freeman, President and CEO of Liberty, commented, “This successful issuance is an enormous milestone for Liberty and is truly transformative for the business. The team at Piper Sandler did a tremendous job understanding our business and presenting to a whole new pool of investors who we are thrilled to have join the Liberty family”.

The notes are unsecured with an interest rate of 6.0 percent fixed and mature in June 2026. The company expects to use the net proceeds as additional haircut capital for its senior credit facility allowing them to increase their direct lending capabilities exponentially.

Liberty Commercial Finance is a leading independent equipment finance company headquartered in Tustin, CA, led by a seasoned team of industry veterans.  Since inception in 2017, Liberty has funded over $800 million in equipment finance transactions.