Post Road Equipment Finance ("PREF") announced the successful closing of a $15 million lease line to a prominent auto component manufacturer. The company, through its cutting-edge technology, is a tier one provider of stamped metal products for global auto manufacturers.
The transaction provided the company with the flexibility and financial stability needed to enhance production capacity while maintaining operational efficiency. Post Road’s lease line enabled the company to ramp up production at its latest electric vehicle production facility, aligning customer demand with output.
“This partnership marks a pivotal moment in supporting the company as it addresses the increasing demands of the ICE, hybrid, and EV markets," said Martin Ferguson, Senior Managing Director, Post Road Equipment Finance. "Our tailored capital solution provided the client with the agility to expand rapidly while ensuring they are equipped to lead in innovation as the automotive industry evolves”.
PREF was represented by Reed Smith LLP.