Alliance Funding Group (AFG), a privately-held equipment finance company, upsized its corporate notes to $50 million. This upsize will be used to facilitate growth and for working capital needs.
“We are thrilled about the closing of our third corporate note raise. This incremental capital will allow us to further scale our business and make strategic investments,” Brij Patel, CEO of AFG, said. “This further cements our position as a premier independent equipment leasing company.”
“The additional capital will be allocated to fund AFG’s strategic growth initiatives, enhancing the flexibility of our capital structure,” Brent Hall, senior vice president of AFG, said. “We appreciate the ongoing backing of our institutional investors, and the confidence they have in our platform.”
Brean Capital, served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
