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United Leasing & Finance Secures $425MM Credit Facility

August 21, 2024, 07:20 AM
Filed Under: Finance News

United Leasing & Finance, a provider of equipment finance solutions, announced the successful closing of a $125 million revolving credit facility and a $300 million warehouse facility. These strategic facilities will significantly enhance the company's capacity to support the equipment needs of its growing customer base.

Bank of America, N.A. served as the administrative agent and lender for both facilities, with BofA Securities, Inc. acting as the lead arranger and bookrunner to the revolving credit facility. U.S. Bank National Association and Truist Bank also participated as lenders, highlighting the strong financial partnerships that United Leasing & Finance has cultivated.

These credit facilities reflect United Leasing & Finance’s ongoing commitment to leveraging its industry expertise and knowledge to deliver exceptional value to its customers and partners. With these credit facilities in place, the company is well-positioned to accelerate its growth and continue driving innovation in the equipment finance sector.

“We are thrilled to have the support of Bank of America, U.S. Bank, and Truist Bank,” said Rick Schulz, CFO of United Leasing & Finance. “Their confidence in our business model and growth strategy is a key factor in our success. These facilities enable us to offer even more flexible and competitive equipment financing solutions to our clients.”







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