Clarus Capital Increases Lease Facility to $10MM for Sponsor-Backed Media Industry Service Provider



Clarus Capital completed an add-on to an existing equipment lease facility for a sponsor-backed media industry service provider. Incremental proceeds from the lease facility, now totaling $10 million, will continue supporting the company’s recurring equipment refreshment cycle and other strategic objectives.

“This facility expansion highlights Clarus’ ability to support sponsors and their portfolio companies as their liquidity needs evolve,” Steve O’Leary, CEO of Clarus Capital, said. “Clarus remains committed to supporting the management of complex asset networks with creative financing solutions. We value the opportunity to continue supporting this business and look forward to further scaling our credit commitment as future recurring needs arise.”


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com