Utica Leaseco announced the closing of two transactions for a total amount of $1.2 million during the third week of May, 2015. The deals are described below:

Utica Leaseco announced the completion of a new term loan financing transaction in the amount of $800,000. Utica closed and funded the transaction for a construction company specializing in land clearing and grubbing that is headquartered near Cincinnati, OH. Utica was able to provide the needed working capital by unlocking the equity that existed in the company’s demolition, construction and trucking equipment. Utica relied on the company’s equipment as the sole collateral for the transaction.

Utica Leaseco also announced the completion of a true lease transaction in the amount of $400,000. Utica closed and funded the transaction for a building supply manufacturing and distribution company that is headquartered near Lexington, KY. Utica was able to provide the needed working capital by unlocking the equity that existed in the company’s existing manufacturing and distribution equipment. Utica relied on the company’s equipment as the sole collateral for the transaction.