Capteris LLC has provided a $15 million lease line for various manufacturing equipment with a global tier one automotive supplier. The deal is composed of a sale leaseback on existing injection molding assets along with a lease line for new production equipment.
"Our knowledge of the industry and collateral allowed us to put forth a solution that helped our customer meet the demands of the Tier 1 segment while providing optimal flexibility," said Todd Sinclair, Senior Managing Director and Head of Sales for Capteris.