Post Road Equipment Finance (formerly known as Encina Equipment Finance) announced it has provided a $22 million lease line to a global engineered materials manufacturer to finance new manufacturing equipment.

“This facility highlights the strength of the Post Road team - our risk and operations teams were able to execute under a very tight timeframe for an important quarter end funding for our customer. This marks the third portfolio company financed by Post Road for this particular sponsor with the facilities totaling over $70 million,” said David Johnson, Managing Director of Post Road Equipment Finance.

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).