Post Road Equipment Finance closed a $15 million lease line to an auto component manufacturer. The transaction provided the company with the flexibility and financial stability needed to enhance production capacity while maintaining operational efficiency. Post Road’s lease line enabled the company to ramp up production at its latest electric vehicle production facility, aligning customer demand with output.

“This partnership marks a pivotal moment in supporting the company as it addresses the increasing demands of the ICE, hybrid and EV markets,” Martin Ferguson, senior managing director of PREF, said. “Our tailored capital solution provided the client with the agility to expand rapidly while ensuring they are equipped to lead in innovation as the automotive industry evolves.”

PREF was represented by Reed Smith.