MMP Capital, an independent equipment leasing company, closed a $20 million investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth, primarily by funding new originations.
“Our inaugural corporate note raise is a major milestone in the growth of our company. Our continued success is a testament to the work of our team and our reputation as a leading independent equipment leasing company,” John-Paul Smolenski, founder and CEO of MMP Capital, said. “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 served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
