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Post Road Equipment Finance (PREF) closed a $65 million sale-leaseback transaction with a global manufacturer of precision castings. The company specializes in highly engineered components, serving blue-chip customers across the commercial aerospace, military, and industrial gas turbine markets.
“Early last year, we announced the closing of a similar transaction with this strategic customer of ours. Over the past four years, we have provided the company with $185MM of liquidity across three transactions,” Wren Rex, senior managing director of PREF, said. “In the A&D industry, building capability and capacity to satisfy increasing customer demand requires a significant capital expenditure investment. The company continues to perform well and has many liquidity levers available, but they chose to pursue equipment financing via Post Road as an expedient, reliable path to generate capital for their ongoing growth investments.”
PREF was represented by Reed Smith.