Utica Leaseco announced that it has led $6 million in new transactions so far in October. The transactions are as follows:

Utica Leaseco completed, as agent, a new syndicated Capital Lease transaction in the amount of $4.4 million during the week of October 19, 2015. The transaction helped provide needed start-up capital for a high reach rental company. Working with the equipment manufacturer, a participant partner, the company’s advisors and its management, Utica closed and funded the transaction for this new business in New Orleans. Utica was able to provide the needed capital by unlocking the equity that existed in the company’s high lift equipment.

Utica Leaseco completed a new Capital Lease transaction in the amount of $1.6 million during the week of October 5, 2015. The transaction helped provide needed turnaround capital for a paving company. Working with the incumbent bank, and the company’s ownership, Utica closed and funded the transaction for this family-owned business in New York. Utica was able to provide the needed capital by unlocking the equity that existed in the company’s construction and paving equipment.