Mazzotta Rentals, Inc., a leading provider of rental equipment in the Northeast, has secured a $160 million credit facility to refinance existing debt and support its continued growth and fleet expansion.
The asset-based loan, led by M&T Bank as the lead arranger and administrative agent, includes a $120 million revolving line of credit, a $5 million term loan, and a $35 million accordion feature to fund future growth.
“We are thrilled to have the financial backing from M&T Bank to continue scaling our operations, expand our footprint, and meet increasing demand from our customers,” said Thomas Caldaroni, chief administrative officer at Mazzotta Rentals. “This credit facility is a strong endorsement of our performance and overall growth strategy, and it positions us to take advantage of new opportunities in key adjacent markets.”
CEO Joseph Mazzotta said the financing provides flexibility to invest in fleet and infrastructure while maintaining a healthy financial profile.
The facility, supported by a consortium of financial institutions, reflects confidence in the company’s leadership and performance.
Mazzotta Rentals serves customers in Connecticut, Massachusetts, New York, Rhode Island, Vermont, New Hampshire and Maine. The company plans to use the new funding to expand its services and strengthen its role in the construction, industrial and infrastructure sectors.
