Utica Leaseco announced the completion of a new capital lease transaction in the amount of $5.5 million during the week of September 21, 2015. The transaction helped provide needed turnaround capital for an oil field services provider. Working with its partners, the company’s advisors and its current bank, Utica closed and funded the transaction for this family run business in Central California.

Utica was able to provide the needed capital by unlocking the equity that existed in the company’s construction and transportation equipment. Utica was able to assist this important American business by financing their equipment, not their credit.