Capital One served as administrative agent for an amended and restated credit facility for EquipmentShare, a nationwide construction solutions provider, and increased its borrowing capacity to $2.1 billion. The revolver has a $1 billion accordion option.
Capital One served as the lead arranger and administrative agent for EquipmentShare’s original line of credit last August.
“At Capital One, we are deeply committed to working hand-in-hand with our clients,” Tim Tobin, head of asset based lending at Capital One, said. “EquipmentShare’s growth and success is truly impressive and we’re thrilled to continue our partnership with EquipmentShare as they evolve the business and expand their footprint.”
“This increased Asset Based Lending facility led by Capital One will allow EquipmentShare to expand our nationwide footprint,” Trevor Schauenberg, CFO of EquipmentShare, said. “This liquidity will enable EquipmentShare to continue to deliver productivity and value to our customers and the construction industry.”
