MMP Capital closed a $20 million investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth, primarily by funding new originations.
MMP predominately originates equipment-backed loans in the medical aesthetics, dental, and clinical healthcare space. The Company’s specialized industry focus, strong borrower profile, and team of seasoned operators has put the Company on pace to become a leading independent equipment finance lender.
“Our inaugural corporate note raise is a major milestone in the growth of our Company” stated John-Paul Smolenski, Founder and CEO of MMP. “Our continued success is a testament to the work of our team and our reputation as a leading independent equipment leasing company.”
Smolenski continued, “This capital will be instrumental in growing MMP’s portfolio, which has been rapidly expanding. Having this flexible capital is an essential part of our financial planning going forward, and will enhance MMP’s continued expansion.”
Brean Capital, LLC served as the Company’s Exclusive Financial Advisor and Sole Placement Agent in connection with the transaction.