36th Street Capital funded an $8 million lease for a global services company specializing in providing media equipment and production services for concerts, sporting events and TV/film productions.
“Our origination partner had an exposure issue and was seeking additional liquidity to assist a long-time customer,” said Mark Horan, chief growth officer at 36th Street. “A quick closing was required as the customer needed to move forward on its plans to improve operations and profitability. After getting comfortable with the company’s ability to execute, we funded shortly thereafter. We’re thrilled to be able to execute quickly for our partner and assist in another U.S. company turnaround.”
36th Street Capital is an alternative funding source supporting the equipment finance industry. The firm specializes in transactions with middle market companies that find it difficult to obtain credit from traditional industry sources.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!