Clarus Capital completed an add-on to an existing equipment lease facility for a sponsor-backed media industry service provider. Incremental proceeds from the lease facility, now totaling $10 million, will continue supporting the company’s recurring equipment refreshment cycle and other strategic objectives.
“This facility expansion highlights Clarus’ ability to support sponsors and their portfolio companies as their liquidity needs evolve,” Steve O’Leary, CEO of Clarus Capital, said. “Clarus remains committed to supporting the management of complex asset networks with creative financing solutions. We value the opportunity to continue supporting this business and look forward to further scaling our credit commitment as future recurring needs arise.”
