Viking Equipment Finance placed two transactions for a coal mining operator based in Kentucky. The initial transaction, which closed in October, included a $5 million term loan secured by equipment and a $3 million revolver secured by accounts receivable. The second transaction was a $4 million term loan used to acquire the equipment and other assets of a second location and closed in December. Both transactions were funded based on the underlying value of the assets themselves, not the borrowers credit.

Viking Equipment Finance is a privately held commercial equipment finance company based in Minneapolis.