Capteris closed a new $350 million credit facility to support the growth of its equipment finance business. Truist Bank is serving as administrative agent and Bank of America is also partnering with Capteris on the facility.
Capteris specializes in providing large-ticket equipment lease and loan financing for multiple industries and collateral types.
“We are very pleased to be partnered with Truist Bank and Bank of America, two leading financial institutions,” Brian Nethercott, CFO and COO of Capteris, said. “They truly understand the equipment finance industry, and this new facility will further position us for meaningful growth.”
“This level of financial support is a testament to the talent, strategy and overall strength of Capteris,” Eric Dusch, president and CEO of Capteris, said. “The new credit facility, combined with our ownership structure and best-in-class team, uniquely positions Capteris to deliver attractive equipment financing solutions for our midmarket, large corporate and financial sponsor segments.”
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