Clarus Capital arranged a $70 million lease facility for a sponsor-backed transportation service provider, which used the proceeds to support growth initiatives and fleet expansion. Clarus funded half of the facility for its own account and placed the remaining amount with multiple lessors.

“This was a large and complex transaction with significant strategic upside to this well-known sponsor,” Steve O’Leary, CEO of Clarus Capital, said. “Clarus executed its approval efficiently against a challenging funding deadline and then brought in additional investors to complete the execution. Clarus can not only write sizeable checks, but we have the institutional depth and experience to execute well beyond our own balance sheet. This was the second substantial transaction for this sponsor in 2023 and we look forward to finding other ways to support their portfolio companies.”

“This transaction highlights Clarus’ ability to execute complex, multi-party financings even in the face of volatile market conditions,” Tim Conway, chairman of Clarus Capital, said. “The Clarus team has supported middle-market sponsors for more than 20 years and we continue to demonstrate the sophistication and reliability required to win and execute that business. Our leveraged finance experience now enables us to deliver flexible financing solutions for mission critical assets across that same client base.”