Post Road Equipment Finance (PREF) closed an $85 million lease line for a manufacturer and distributor in the custom home furnishings industry.
With the majority of the lease line funded at closing, the company received timely liquidity to support its working capital needs and future capital expenditures. The long-term, tax-lease structure allows for slower amortization, enabling the company to effectively manage the cyclical nature of the housing market while investing in increased automation and expanding capacity.
“It was a pleasure to once again collaborate with one of our largest sponsor relationships, providing the company with the capital needed to execute their growth plans,” Wren Rex, senior managing director at PREF, said. “The closing of this transaction was a significant team effort, with Post Road, the sponsor, and the company working seamlessly together to achieve a common goal within the set timeline.”
PREF was represented by Reed Smith.
