Veritas Financial Partners completed a $3 million debtor-in-possession (DIP) financing for an equipment rental and services company to support its recapitalization. The facility will be used to repay the existing lender and for working capital needs during reorganization.

During the course of the transaction, Veritas worked to understand the borrower’s business, challenges and the industry in which the borrower competes. Additionally, Veritas created consensus among various pre-petition parties and quickly funded the facility when others could not.

Veritas Financial Partners is a specialty finance firm that provides $2 million to $15 million senior secured credit solutions to businesses across various industries.