Utica Leaseco completed a transaction totaling $7 million during the week of February 6, 2017.

Utica Leaseco provided a capital lease on the equipment of a photovoltaic cell maker in California.

To accomplish this, Utica provided financing on the company’s existing equipment based solely on the collateral value. The company was able to augment its capital by leveraging the value of its equipment without the dilution of new equity or mezzanine debt. Utica provided this financing based on the company’s collateral not its credit.