Clarus Capital increased its exposure to a U.S.-based manufacturer and distributor of food products by $15 million. The facility will support the company’s upcoming growth initiatives in addition to annual fleet refreshment of essential specialty transportation assets and material handling equipment.
“The Clarus team’s efficient and reliable execution during the utilization of the original facility proceeds directly translated into the customer wanting to partner with us again on an upsized facility. This transaction highlights Clarus’ ability to offer multiple asset specific structures within a single facility, allowing flexibility for use of proceeds as asset needs arise,” Steve O’Leary, CEO of Clarus Capital, said.
Tim Conway, chairman of Clarus Capital, added, “We are pleased to support this sponsor and its portfolio company with a scaled capital commitment. Our substantial lending capacity will allow us to continue delivering this same reliable equipment finance solution for leveraged companies across a diverse range of industries and asset types.”
