ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Clarus Capital Increases Lease Financing Facility for a Multi-Sponsor Backed Critical Logistics Provider to $40 Million

Posted 10/23/2023

Increase Supports Additional Capex, and Strategic Growth Initiatives

Boston, Massachusetts – Clarus Capital (“Clarus”) announced today that it completed an add-on to an existing equipment lease facility for a multi- sponsor backed specialty logistics services provider. Incremental proceeds from the lease facility, now totaling $40 million, will continue to support corporate liquidity, new equipment purchases, and strategic expansion initiatives.

Clarus CEO Steve O’Leary commented “This facility expansion highlights Clarus’ commitment to providing flexible solutions to fit the evolving and complex liquidity needs of leveraged, sponsor-owned platforms. We are pleased to continue this partnership with the client and these two top-tier sponsors and demonstrate our ability to scale our credit commitment alongside the company.”

Clarus Chairman Tim Conway added “Increasing an existing facility to $40 million amidst recent market turbulence highlights our team's ability to help sponsors manage liquidity and execute on value-creating strategic plans. As some sources retreat, the Clarus team remains dedicated to providing reliable and efficient debt capital for sponsors and their portfolio companies, despite challenging market conditions. The team’s extensive 20+ years of leveraged finance expertise will continue to differentiate Clarus as we identify and scale these relationships."

About Clarus Capital

Clarus Capital is a commercial finance company specializing in delivering efficient capital solutions to finance tangible assets for middle market and large corporate borrowers.  The Company targets investments up to $40 million across equipment types, industries and throughout the credit spectrum via a seasoned group of investment professionals with diverse risk management and structuring expertise.  Clarus Capital was formed as a partnership between a proven leadership team and long-term institutional capital with the goal of building a comprehensive equipment finance platform that addresses the needs of middle market and large U.S. companies.  The firm is headquartered in Boston, MA and has a nationwide footprint across the United States.  For more detailed information about Clarus Capital, please visit our website at www.claruscap.com or contact us at info@claruscap.com. 

 

 

Author
Michael Eisenstein
Organization
Clarus Capital