FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News

Print

Clarus Capital Completes $2.5MM Sale-Leaseback for Private Equity Backed Specialty Chemical Manufacturer

September 03, 2024, 08:00 AM
Filed Under: Chemicals

Clarus Capital successfully closed a $2.5 million sale-leaseback financing for a developer and manufacturer of specialty chemicals. This financing will generate working capital, reinforcing liquidity, and supporting the chemical manufacturer’s annual capital expenditures program.

Steve O’Leary, CEO of Clarus Capital, stated, “We are pleased to have successfully completed this $2.5 million sale-leaseback transaction, which underscores our capability to provide tailored equipment financing solutions that align with the unique needs of our private equity-backed clients. This credit facility highlights our dedication to being a trusted partner for private equity firms, enabling them to execute strategically important financings for their portfolio companies with confidence, and with a provider that can grow alongside them.”

Jake Skivington, Managing Director - Sponsor Coverage at Clarus Capital, added, “This transaction in particular highlights our ability to move quickly to support our sponsor partner’s portfolio company with critical liquidity by capitalizing on the value of select existing assets with no disruption to the capital structure in place. We continue to see equipment sale-leaseback as a highly additive tool in the sponsor finance toolkit, whether it’s for liquidity, capital for growth or M&A, or a return of capital to the sponsor.”







Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.