Luxury Lease Partners (LLP), an automotive leasing company specializing in top-of-the-line luxury and exotic cars, closed a senior corporate notes financing. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization. The funds from the transaction will be used to support the company’s growth initiatives and strengthen its balance sheet.
Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
“LLP has established itself as a premier lessor in the high-line and exotic space and this financing will enable us to continue to grow and support our dealer partners across the country,” Doug Goodman, CEO of Luxury Lease Partners, said. “We are pleased to complete this transaction, in a challenging capital markets backdrop, with the support of an outstanding group of institutional investors who recognize the solid track record and long-term potential of our business.”
“This new credit facility enhances our balance sheet and provides increased financial flexibility to support our growth goals,” Mark Blair, CFO at Luxury Lease Partners, said.
