Utica Leaseco announced the completion of a new capital lease transaction in the amount of $5.2 million for a petroleum transporter and service company that is headquartered in Commerce, CA. The company specializes in hauling gasoline, diesel, ethanol, trans mix, additives and lube oil.

Utica was able to provide the needed working capital by unlocking the equity that existed in the company’s fleets of highway tanker trucks and trailers. Utica relied on the company’s equipment as the sole collateral for the transaction.

Utica also announced completion of a participation in a $30 million senior secured loan transaction. Utica closed and funded a $5 million portion, as a participant, for the transaction for a major national roadway and complex infrastructure construction company that is headquartered in The Woodlands, TX area. Utica was able to provide the needed working capital by unlocking the equity that existed in the company’s existing construction and rolling stock equipment. Utica relied on the company’s equipment as the sole collateral for the transaction.