North Mill Equipment Finance (NMEF), an independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, extended and upsized its investment-grade rated corporate notes to $30 million. The company intends to use the net proceeds to support its growth and fund new originations.
“We appreciate the commitment and ongoing support of our existing investors, and the confidence new investors have shown in our platform,” Mark Bonanno, president and chief revenue officer of NMEF, said. “This transaction further diversifies our capital stack, providing us additional stability in the marketplace.”
Pier Snider, chief financial officer of NMEF, said, “The investment grade rating attained in this transaction further illustrates the strength of our balance sheet and the capital raised offers us increased operational flexibility to fund our rapid growth.”
Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
