Encina Equipment Finance changed its name to Post Road Equipment Finance. As part of the name change, the company has revamped and redesigned its website to incorporate the new company name.
Encina Equipment Finance provided a $15 million lease line to a specialty chemicals company to finance new box and tank trucks.
Encina Equipment Finance provided a $15 million lease line to a North American supply chain services company to finance new tractors and trailers.
Encina Equipment Finance provided a $22 million equipment lease line to a specialty plastics film provider for the installation of new manufacturing lines.
Encina Equipment Finance provided a $40 million equipment lease line to a consumer packaging company for the installation of new manufacturing lines.
Encina Equipment Finance added Peter Carpenter and Matt Farley as managing directors of originations and Zach Brasser as an associate. Carpenter, Farley and Brasser will report to Brian Daley, senior managing director and commercial leader for Encina Equipment Finance.
Encina Equipment Finance closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. Bank of America structured the facility and is the administrative agent and the lead lender.
Encina Equipment Finance added Tina Pugliese to its finance team as vice president and assistant controller. In her role as vice present, Pugliese will focus on accounting and controllership activities as well as special projects within Encina Equipment Finance’s finance team.
Encina Equipment Finance added William Yulo to its risk team as a senior vice president. In his new role, Yulo will primarily lead portfolio management and reporting and also have new business underwriting responsibilities.