Accord Financial closed a $40 million equipment lease line to a pet supply manufacturer and distributor. This financing has enabled the company to purchase new equipment for its primary manufacturing plant as it expands its production capacity and sales nationally as well as into European and Asian markets.
The manufacturer invited Accord Financial to agent this transaction, bringing in two additional partners and increasing the overall commitment, due to Accord Financial’s previous experience with the client, combined with its track record in this specialized industry as well as equipment finance more generally.
“Accord’s strong relationship with the client as well as lending partners ensured the equipment financing was executed skillfully, creatively and efficiently,” Mike Wells, director of capital markets for equipment finance at Accord Financial, said. “This provided the company with confidence that its borrowing needs would be met on time.”
