Avtech Capital, a privately-held equipment leasing company based in Salt Lake City, completed a new $75 million revolving credit facility with Capital One. The facility will provide additional liquidity to support Avtech Capital’s growth and further its efforts to better serve customers.
“The addition of this new credit facility will help us further our mission to help our customers achieve their critical goals by supporting their equipment financing needs,” Chris Emery, chief operating officer of Avtech Capital, said. “Capital One has been a great partner to work with, and we are excited to strengthen this relationship.”
“Capital One is excited to support AvTech Capital in this transaction, which will help meet their growth objectives and evolve their business operations,” Dave Kucera, head of the financial institutions group at Capital One, said. “Advising our clients’ capital raising initiatives in a complex environment is a priority for our team.”
