First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced the establishment of a $65,000,000 CAPEX facility to fund the rolling stock acquisition needs of a national transportation company.
 
The transportation company sought to modernize its fleet to enhance market competitiveness and provide customers with a contemporary, reliable, technology-enabled transportation experience. FNCC's flexible financing solution aims to reduce costs while offering the option to purchase, return, or continue renting vehicles beyond the initial five-year period.

Keith Duggan, CEO of FNCC, said, “Assisting a renowned brand in positioning itself for growth with a truly flexible capital solution exemplifies our commitment to facilitating transactions while traditional lenders are scaling back. Through a covenant-lite structure, we delivered scalable access to capital that complements senior lenders in the bank group, successfully executed with a foreign parent.”