Post Road Equipment Finance closed two transactions in the specialty chemicals sector.
In the first transaction, Post Road finalized a $15 million lease line facility to a global manufacturer of specialty chemicals, supporting its operations across the pharmaceuticals, electronics and industrial markets. This funding will enable the acquisition of advanced chemical manufacturing equipment to enhance the company’s operational efficiency, expanding capacity and increasing production output at its flagship facility.
Additionally, Post Road extended a $20 million lease line to a manufacturer and distributor of specialty chemical compounds, serving the personal care, food, consumer products and industrial markets. The line is being used to finance new equipment for reducing production costs and enabling vertical integration across the company’s two most profitable business segments.
“The $20 million line was structured as a $10 million line with a $10 million accordion, providing our customer with the flexibility to easily increase their use of our capital, of which they are already taking advantage,” Wren Rex, senior managing director at Post Road Equipment Finance, said. “Both companies and their sponsors were a pleasure to work with, and we look forward to continuing to deepen our expertise and investment in this space.”
Post Road was represented by Reed Smith.
